Skip to main content
LoginOpens in new window
  1. Home
  2. Insights and Research
Global Macro Research
Macroeconomics

The Monthly Macro Outlook Video - June 2026

Growth looks steady. But are markets underestimating the risks from oil and AI?

Stylised image of economic data

Duration: 4 Mins

Related articles

Global Macro Research31 min Read

Where do interest rates go if growth weakens but inflation increases?

Rising interest rates are back, but why? What does this mean for inflation, growth and equities?

Global Macro Research1 min Read

The state of US supply chains: from tariffs to war

US supply chains have gone from weathering sharp shifts in tariffs to facing strain from the Iran war. Our US Supply Chain Conditions Index allows us to assess these impacts on prices, freight, labour and more as they unfold using high-frequency indicators. One finding is that US supply chains are seeing considerably less strain than during the post-pandemic inflation surge.

Global Macro Research1 min Read

Japan: Authorities push against a strong dollar and oil

The Iran conflict has triggered fresh policy challenges for Japan. The Ministry of Finance has resumed yen intervention but will struggle to reverse depreciation while the Iran conflict remains unresolved. The Bank of Japan is close to hiking and reconsidering its bond tapering path. We expect a reduction in purchases announced in June, and a hike by July.

Global Macro Research1 min Read

Hormuz closure: When will physical shortages kick in?

The global economy is heavily reliant on the Strait of Hormuz for the supply of many essential commodities. Since its closure, prices have done most of the work rationing reduced supply. But outright physical shortages are appearing, and there is potential for more severe scarcity in crude oil and refined products in June if the strait remains closed.

Global Macro Research26 min Read

The new economics of space

From falling launch costs to surging satellite numbers, space is rapidly becoming a critical economic and strategic frontier.

View all articles
Risk warning

The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.