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Global economy set to pick up in 2026, but risks remain
The world economy is expected to gain momentum in 2026, according to Commonwealth Bank’s latest outlook. Growth is forecast to rise to 2.7%, helped by recent interest rate cuts and tax changes in the United States. Interest rate cuts mean borrowing money becomes cheaper for businesses and households, which usually encourages spending and investment. Tax changes in the US are also giving companies and high-income earners more room to spend. [...]