Marketplace Morning Report How will the global economy fare in 2026?
Jan 1, 2026
Darshini David, the BBC's Deputy Economics Editor, and Michelle Fleury, North America business correspondent, dive into the turbulent global economy facing 2026. They discuss how unexpected U.S. tariffs have disrupted global trade and predict their effects will become evident this year. Michelle highlights the AI-driven 'K-shaped' recovery, illustrating stark economic divides in the U.S. They also explore the risks associated with massive AI investments amid fears of a potential market bubble.
AI Snips
Chapters
Transcript
Episode notes
Tariffs Reshaped Global Trade Fast
- Rapid tariff changes have reshaped global trade much faster and more dramatically than expected this year.
- Economists expect many tariff impacts to fully show up in 2026, creating a wobbly growth outlook.
U.S. Growth Showing K‑Shaped Split
- The U.S. economy is splitting into a K-shaped recovery with wealthier, AI-exposed consumers doing better.
- Lower-income households are running down savings and piling up credit card debt under persistent price pressure.
Three Tiers Of Global Economic Performance
- Countries divide into three groups: some surprised with resilience, some who benefited from AI-related exports, and others like Europe that lag.
- 2026 looks set to be another uneasy year for global trade and growth.