Resilience Is Holding Up Better Than Markets Expected

Invesco's 2026 Midyear Investment Outlook argues that despite geopolitical shocks, AI disruption and energy market volatility, the global economy has proven more resilient than expected, supporting a constructive outlook for risk assets into the second half of 2026.

• The report maintains that global growth has been delayed rather than derailed, with economic reacceleration expected later in the year if energy disruptions ease.

• AI remains a key structural investment theme, with continued demand for semiconductors, computing infrastructure and data centres expected to support earnings growth.

• Invesco expects a weaker U.S. dollar, improving opportunities outside the U.S., while emphasizing diversification as elevated interest rates and geopolitical uncertainty persist.

Read the full outlook for a broader discussion of global markets, AI, interest rates and investment opportunities.