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Economic Situation & strategy
October 16, 2026
Robust Economy: Good for Equities, Bad for Bonds
Article by Carsten Klude
The global economy is proving resilient, even though energy prices and the crisis in the Middle East are weighing on growth. The International Monetary Fund (IMF) has slightly raised its growth forecast, and Germany is also a positive surprise.
We explain what is supporting the economy: heavy investment in artificial intelligence and government spending on defense and infrastructure. Prices continue to rise, and central banks are responding. For equities and bonds, meaning interest-bearing securities, this has very different consequences.
Why does solid growth benefit equity markets, while it tends to weigh on bonds?
