J.P. Morgan predicts that job growth, which has nearly stalled across major economies, will rebound and align with solid economic growth through 2026.

J.P. Morgan forecasts little to no additional monetary easing from most major central banks in 2026, with the exception of high-yielding emerging market central banks.

In 2025, the global economy was characterized by a divergence between strong capital expenditures, particularly in technology, and a sharp slowing in job growth.