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vendredi 12 décembre 2025

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Fixed Income Outlook 2026: A Cycle Extended but With New Fault Lines

By Amaury D’ORSAY, Head of the Fixed Income Platform at Amundi As 2026 approaches, the global economy appears set to remain surprisingly resilient. A combination of widespread tariff measures and broadly accommodative monetary policies is helping sustain economic activity, extending a cycle that many expected to have peaked earlier. Yet beneath the surface, debt accumulation and mounting geopolitical frictions are shaping an increasingly complex landscape for fixed income investors. A Global Economy Holding Up The United States continues to grow at a solid pace despite persistent policy uncertainty. Europe, after a strong start in 2025, has seen growth moderate as domestic demand softens. Still, resilience...

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