In its latest outlook, Bajaj Finserv AMC believes global markets are entering a more challenging phase marked by moderating growth, elevated inflation, and heightened geopolitical uncertainty. According to the latest IMF projections, global growth is expected to slow to 3.1 per cent in 2026 from 3.4 per cent last year, while inflation is projected to rise to 4.4 per cent, largely due to elevated energy prices and supply-side disruptions.