Year endMacroBriefSpecial edition:2026 outlook and Top 10macro trendsDecember 16,2025accenturestrategyMacroForesight
ContentsAboutthisdocumThemonthlybrilefksIntendedtoInfomevecutiveteams,boardsandInvestors onthestateofthe economy.lIthas been prepared based on data05Executivesummaryas of December10,2025.EachbrlefIncludes asummary ofglobal busihness-relevant macroeconomledeveloments and asetofIndlatorsthat track theoveral healthofth082026 economicoutlookeconomy, buslness activity and consumers.Top 10macrotrendsforcompaniesnacrobriefs:October: Navgating two-speed economlesSeptember:TariffupdateJuly:FiscalpowerplaysJune:ImmlgrationatacrossroadsMay.ConsumerspendingInfiuxFormoreInfommation aboutMacroFforesight,wist
Anotetoourreaders:205wes o tumlhousyer, makedbyundhorcestoalyhighecononmke arvdpoicyuneriaity geapalitoltersion,andnapid techoblgkcalchangeMateecativesandboardoamswereconsumedbyunerainty araundtheshift hn US tredepolcisandlthe escadetionofUS-China tersiorns.TheropidaxccseratibninAlcapexinvesitments weas orotherkheyfeatureof the londsoape,cortribuling to ecoronicereslence ondprepelingequitymarketsAswepivotto 2026;,sameofthe palicyuncertainty wil subside but the lagged impactsofthededisiorstakenin 2025willorlyintersfy. Campariesshouldplonformadest,alheituneven ecomomicgrowth and stil-thalenged busines enviorment Growth wilincressinglydierge betveen.Al'winners'and"losers',whietralepolicywilcontinue torecaitbrate valve chainsIinaddion, we expectosefurther campeitivepresuresgloblyframChina astsexport-edgrowthpushppressespricesandeatsintothemarketshareofforeignrivdsdtoo10macrotrendsfor2026includinaswilfactorintoalmasteveryprotededsionMachoftheeconomicgrowth weexpectnexd yearwilbe predecated on the growingafoptionofAL.AsetimececstroateoecompetitionforAlandallsfrtechnologysovereigntywilorlyirtersly.Aflordabhitchdlenoes:Manycorsurnersare budkinounderthe pressure ofyears ofpersistentinfation Weseethistrendcontinuing andinfuencinghowGeotation:Geopolilicsandtherealignmentsinalobaltradeandsupplychainstheyaretringeringwereakeydisrupfiveforcein2025. Weseeteinflznceoferoliespersising in2026arnd shogingregionalortibads(eg, Eurapeancompelitivernes)}aswelassedornldynamics(eg,ivestmertsinA,gridinfastrudure,defensel.NickKojucharoInthis timeofuncertaintyandropid change,weadviseexecutiveteamstocontinuetofoaus ontwofundamentdpricritesAmaricasLeadMacoFaresighFistadbyitingAarossthefrenerprbesandidentifying waysto reinventamidstte sipnficontchangesintheextemdensironmentWewillsceriventionatpyacossavunilesshdatries-wihetieritscutomofivecompaniesadartingto interseChinereampeitinoretalandmediscompoeniesadaptingtotheropidansumerungeofAlineverpdoystustionmningenterpriseresliencegiventhewiderongeofpatentiolecoromi, geopalicalandcilmatesthocksResilenceshouldcoverammercid,workforce, technology, andoperationsEmbradingaTresiliencefirst'mindsetwillbekeTheotherkeyskilkets whichcomoonies wil need tomasterrelateto scenarioplonning andfresight given thehighecononicuncertainty thatwilpesistin2026Fiol, wewent to tenhkol orovilondloplreadrs Wecortine toveleyarfecdbactendinterarionsondwewishypovsucesfulyerokead'
Macro Foresight is focused on helping companies develop strategic pla...