Global Economic Resilience: New Risks and Structural Changes
The Bank for International Settlements’ 2026 report notes that the global economy continues to demonstrate resilience; however, it is still too early to regard this as evidence of long-term structural resilience.
The report highlights that, despite rising tariffs, geopolitical risks, and changes in supply chains, economic growth has continued. At the same time, investments in artificial intelligence, digital infrastructure, semiconductors, and energy are becoming important drivers of global economic activity.
However, high asset valuations, rising debt burdens, and elevated expectations for returns from technological investments are creating new risks to financial stability. Geopolitical factors and changes in energy markets may also contribute to a more prolonged period of inflationary pressure.
These trends point to the need to ensure the resilience of the competitive environment, systematically monitor commodity and financial markets, diversify supply chains and conduct in-depth analysis of the impact of digital technologies on markets.
Therefore, assessing competition policy, financial stability, diversification, and technological development as interconnected factors is becoming increasingly important for ensuring economic resilience.
