皇家银行（LGT）：2026年全球投资展望：大局变迁 前路待明（英文版）

A combination of risk factors and structural shifts is widening the range of economic and market outcomes in 2026, but our outlook stays positive. Nationalistic industrial policies, fiscal spending, and geoeconomic fragmentation should drive a new capex cycle, benefiting diverse industries. Outside the UK, we expect advanced-economy growth to accelerate as trade uncertainty recedes and lower interest rates feed through. Labour markets remain structurally tight, encouraging investment in tech