Global Economy At-a-Glance
March 2026
The global economy is showing steady momentum, but it is not without risk. 📊
🌍 Eastern Europe is accelerating, with Western Europe close behind as growth improves.
📈 Mexico has entered a recovery phase, signaling strengthening economic conditions.
🏭 Brazil’s outlook has improved slightly, supported by stronger performance and favorable trade conditions.
⚡ Energy market volatility, driven by geopolitical conflict, is creating cost pressure and margin risk globally.
Looking ahead, global growth is expected to remain moderate through the late 2020s, with stronger momentum closer to 2028.
For business leaders, understanding regional differences and cost pressures will be critical to navigating what comes next.
Domestic Capital Goods Market Improves as Middle East Conflict Escalates
March 2026
“Following the supply chain bullwhip and tariff uncertainty of the last few years, it can be difficult to trust budding momentum in the economy. However, the data is clear that B2B spending is not just improving, but it actually mildly outperformed our forecast.
US Nondefense Capital Goods New Orders (excluding aircraft) in 2025 came in 3.6% higher than in 2024. Growth was weighted toward the back half of that year, with 4Q25 being 6.1% higher than 4Q24. Prices for capital equipment were up 3.7% over that same quarter, suggesting that higher prices account for a portion of growth, but also that volumes are up. Our growth outlook for 2026 remains solid."
ITR Trends 10
The Trends 10 summary provides a dynamic look at the economy. Each major segment of the economy is shown in terms of where it is in the business cycle. Each phase of the business cycle (A, B, C, D) carries its own Management Objectives™ which enable firms to enhance profitability while preparing for the next phase of the business cycle.
Equipped with accurate insights from the Trends Report, your business will have the foresight to make data-driven decisions and craft strategic plans that promote business growth. By anticipating market trends and efficiently allocating resources, you can mitigate risks and secure a competitive edge!
