The global balance sheet 2026

2026

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AI-generated summary

1) This report provides an updated analysis of the global balance sheet in 2025, revealing significant imbalances and divergences across major economies that could impact future growth, inflation, and interest rates.
2) * Global wealth reached a record $1.8 quadrillion in 2025, with household wealth at $570 trillion, largely driven by asset price appreciation rather than real investment.
* Major economies are on diverging paths, with the US experiencing productivity acceleration but facing risks of inflation and balance sheet reset, while China navigates a partial balance sheet reset amid declining property values.
* Key asset classes like equity and government debt are at or near historic highs, while real estate and household debt have shifted more into balance, indicating a complex and potentially volatile global financial landscape.
3) Global economy, balance sheet, wealth, debt, inflation

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