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By Kari Vatanen, Head of Asset Allocation and Alternatives at Elo: In 2026, the global economy will continue to grow in an environment overshadowed by the trade war. Investments in AI infrastructure will support economic growth in the United States, although productivity gains will remain limited. In Europe, growth will recover as industrial investments strengthen the manufacturing sector, even as geopolitical risks create uncertainty. Inflation will stay above central banks’ target levels, but monetary policy will remain accommodative throughout the year. In 2025, global economic growth was weighed down by import tariffs...