Global Quarterly Q3 2026

Much has changed since our last Global Quarterly magazine as we find economies facing even more headwinds ahead.

Consumers and governments worldwide now bear additional costs amid a fuel supply shock brought on by US and Israel’s attacks on Iran, on top of higher price tags for goods and services since 2025 due to additional tariffs imposed by the US. The result is slower GDP growth and higher inflation overall, exerting even more pressure on government budgets and household pockets, along with even weaker consumer sentiment.

Still, we find that major economies are looking to grow beyond this conflict. Similar to their response during the peak of the tariff war in 2025, countries have been quick to search for new trading partners and markets; new logistics channels, such as in Brazil; and even for alternative energy sources like Japan’s hydrogen push – all to get economic activity up and going.

Governments are also in search of solutions to maintain or improve quality of life despite piling public debt. In this issue, we discuss China’s attempts to perk up domestic consumption and Germany’s quest for a sustainable pension system reform. We also find that some Eurozone economies may take a turn for the worse amid political rifts and lingering fiscal concerns.

Despite these clouds on the horizon, we continue to find reasons to stay optimistic. This heightened nervousness has been raising bond yields in the past few months, yet markets have been able to look past the gloom to instead focus on other bright spots such as technological innovation and profits. Likewise, we sift through the noise and focus on long-term market trends.

We hope that the articles of our on-the-ground contributors will be of help in shaping your investment decisions. As always, we remain open to any feedback that you may have.

Peter Lundgreen
Founding CEO