Analysis of Global Market Trends from the Perspective of BofA Global Research and the OECD

Hamid Pashayee, Reporter

In its latest report, BofA Global Research states that 2025 was a strong year for global markets—both in the United States and across the world. However, issues such as inflation driven by AI-related investment, excess liquidity in the financial system, large fiscal deficits, and overcapacity in China remain unresolved. As a result, these factors could pose sources of volatility and risk in 2026.

Despite these warnings, BofA remains optimistic about the continued growth of investment in the artificial intelligence sector.

Summary:
According to BofA, global markets will perform strongly in 2025, but the combination of inflation, fiscal deficits, and excessive liquidity could trigger significant volatility in 2026. Nevertheless, the growth outlook—especially in AI—remains positive.

In its latest Economic Outlook, the Organisation for Economic Co-operation and Development (OECD) reports that the global economy has shown greater resilience this year than previously expected. Part of this improvement is attributed to rising investment in AI, better financial conditions, and supportive macroeconomic policies.

However, the OECD warns that important vulnerabilities persist, including signs of weakness in the labor markets of some countries, as well as structural risks such as uneven debt growth, inflationary pressures, and fragilities in global trade chains.

Summary:
The OECD believes the global economy has displayed stronger-than-expected resilience, but risks such as inflation, labor-market softening, and trade tensions could render the future outlook fragile.