PremiumMorgan Stanley: The Primary Risk For 2026 Is That AI Capex Boom Fails To Boost Productivity
By Michael Zezas
The World In Motion
On the heels of publishing our 2026 outlook, many of my colleagues and I spent the week discussing our views with clients at our annual Asia Pacific Summit in Singapore. Whereas dialogue last year focused on how the sequencing and severity of US policy choices would affect the economy and markets, this year it became clear that the world has begun to react to US policy – it is in motion.