Skip to main content
Login
  1. Home
  2. Insights and Research
Global Macro Research
Macroeconomics

The Monthly Macro Outlook Video - May 2026

Middle East tensions and rising UK political uncertainty are reshaping the outlook. Could energy disruption and fiscal pressure drive markets next?

Image shows financial data graphic with 'Macroeconomic outlook' superimposed.

Duração: 4 Mins

From tensions in the Middle East to growing uncertainty in the UK, recent developments highlight how quickly external shocks can filter through to growth, inflation and financial markets. In this month’s video, Lizzy Galbraith is back in the hot seat. 
In the video, she explores:
  • Why progress towards a Middle East peace deal remains fragile and what this means for energy markets
  • The critical role of the Strait of Hormuz, and how disruptions are affecting global supply chains
  • Why higher energy prices could keep inflation elevated and growth under pressure
  • The rising political uncertainty in the UK and why it may matter more than economic data right now
  • What a potential leadership challenge could mean for fiscal policy, taxes and markets.

Watch the video for more details.

 

Casos relacionados
The monthly macro outlook video: April 2026
The monthly macro outlook video: March 2026
Iran: Contained conflict or sustained oil shock? The triggers you can't ignore
Iran: contained conflict or oil shock? The triggers you can't ignore
Can Europe innovate at war(p) speed? - with the NATO Innovation Fund

Artigos mais recentes

Global Macro Research1 min Ler

What a change of prime minister could mean for the UK economy

With local and devolved elections this week, disappointing results could quickly refocus attention on a change of UK prime minister - and the economic choices that would follow.

Global Macro Research1 min Ler

Would a private credit collapse bring down the economy?

Non-bank lending to companies has expanded rapidly into a multi-trillion-dollar asset class. This has led to increasing regulatory scrutiny amid worries that the sector could pose a systemic threat to the financial system. However, a Global Financial Crisis-style collapse is unlikely.

Global Macro Research20 min Ler

Who is winning the US-China 'AI race'?

Artificial intelligence is fast becoming a new front in global competition. Is this the defining US-China rivalry of the 21st century and what really matters in determining who comes out on top?

Global Macro Research1 min Ler

The widening supply-chain shock of the Iran war

The closure of the Strait of Hormuz is exposing the fragility of global supply chains and the reliance on key chokepoints well beyond crude oil and natural gas. We survey the impacts on fertilisers, jet fuel, and helium.

Global Macro Research1 min Ler

Finding conviction in a world of higher geopolitical risk

Predicting the outcome of any particular geopolitical event is difficult, but we can have conviction in some of the broader investment implications of persistently elevated geopolitical risk. Negative supply shocks will be more frequent, which will result in higher inflation volatility and more frequent bouts of positive bond-equity correlation. New sources of diversification will be needed, including infrastructure and commodities.

View all articles
Aviso de risco

Antes de investir, os investidores devem avaliar cuidadosamente o objetivo de investimento, os riscos, os custos e as despesas de um fundo. Essas informações e outras informações importantes encontram-se no prospeto e no documento de informações fundamentais destinadas aos investidores (KIID).