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Global Economic Outlook: Navigating Growth, Risk, and Opportunity | Global Conference 2026

Conrad Kiechel, Zanny Minton Beddoes, Kristalina Georgieva, Mohamed Kande, Ariel Szarfsztejn, Mike Wirth

A two-month closure of the Strait of Hormuz has removed 14 million barrels daily from the global market, driving Brent crude near $115 while depleting strategic reserves and forcing the IMF to adopt adverse economic scenarios. Simultaneously, the AI sector has pivoted from generative tools to agentic automation, eliminating entry-level roles and triggering an international cyberarms race. These converging crises create a volatile environment where Europe faces energy and innovation lag, whereas nations securing reliable power and flexible capital markets are positioned to dominate the coming decades.