Two Point Zero sees emerging markets outperforming developed peers as global growth holds up in 2026 midyear outlook

• Two Point Zero Group published its 2026 midyear global macro outlook, projecting no immediate broad, sharp downturn despite elevated geopolitical volatility.
• Geopolitics expected to keep driving market swings, with China-US tensions and tariffs still in focus; rate-cut cycles seen delayed.
• US-Iran risks flagged as the key uncertainty, with energy prices cited as difficult to time.
• Strategy favors emerging markets on stronger earnings momentum versus developed markets, with valuations described as comparatively cheap.
• Calls for a structural short on the medium-to-long-term US dollar direction; AI and energy highlighted as core themes into 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Two Point Zero Group PJSC published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.