RBC Global Asset Management

RBC Global Asset ManagementMulti-Asset

Global Investment Outlook Spring 2026

RBC GAM's Spring 2026 outlook covers the global economy, fixed income, equities, currencies, and emerging markets against a backdrop of heightened uncertainty stemming from the war in Iran, tariffs, and a multipolar world order. The base case remains constructive for growth, with non-U.S. equities favoured on valuation grounds, low-single-digit returns expected for bonds, and the U.S. dollar forecast to weaken over the period.