The Latest Analysis

Global business sentiment remains upbeat. Businesses have largely shrugged off heightened geopolitical risks, most recently the U.S. military incursion into Venezuela and President Trump’s threats over Greenland. Global business sentiment is consistent with growth that is on the high side of the global economy’s potential. Sales and hiring intentions are good, with few respondents reporting layoffs. Business investment spending is notably strong, perhaps driven by the artificial intelligence infrastructure boom. Businesses are having no trouble obtaining credit, and office-space absorption is as good as it has been since before the pandemic.