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Chief Economists' Outlook: May 2026


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Chief Economists' Outlook: May 2026

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Chief Economists' Outlook: May 2026

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The May 2026 Chief Economists’ Outlook opens on a more pessimistic note than the January edition.

Drawing on consultations and survey responses from the World Economic Forum’s Chief Economists Community, the report examines a global economy unsettled by the escalation of conflict in the Middle East and the closure of the Strait of Hormuz.

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Growth expectations have deteriorated markedly as supply-chain disruption, rising energy and food prices, and heightened financial volatility reinforce inflationary pressures and weaken confidence.

Report by the World Economic Forum

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