The past year saw investment in artificial intelligence (AI) ecosystems help global growth to withstand the blow from major tariff hikes. Yet geopolitical headwinds and rising fiscal and financial fragilities remain. Reinforcing the foundations of effective macroeconomic and financial policies is increasingly critical. Such foundations include fiscal sustainability, an unambiguous commitment to price stability and congruent prudential policies across the financial system. Progress on each of these dimensions bolsters trust in the capacity of economic policies to deliver on their mandates. Building on the resilience of the past year, the challenge for authorities is to work towards greater robustness and thus to contribute to sustainable growth going forward. […]