Why investors need to tread a fine line in 2026

Markets have been resilient, but the global economy is entering 2026 with less room for policy error — as inflation diverges across regions, tariffs disrupt trade, and high deficits keep bond markets firmly in focus. In Investment Week’s latest Global Outlook Portal, William Davies, Global Chief Investment Officer at Columbia Threadneedle Investments, assesses what this tightening backdrop could mean for investors in the year ahead, covering: • Why tariffs could prove more inflationary than a one-off price reset — and how that may widen divergence across economies • How rising government...