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The stagflationary shock of the tariffs is still working its way through the economy, while the AI boom has led to a positive demand shock that sooner or later should be overtaken by a positive supply shock. Both developments bring a large amount of uncertainty to the outlook for 2026.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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