One of the biggest risks the US economy faced in 2025 was the uncertainty brought about by the Trump administration’s implementation of tariffs. But high tariff uncertainty was counterbalanced by an impressively strong surge in investment in data centers linked to the AI-driven burst that kept the economy from going under. The environment for 2026 will be more certain in many ways, as some of the Trump administration’s new policies will be behind us while others are expected to boost economic growth. We expect the economy to have a good year in 2026 although, as always, there will be plenty of risks. For the most ... (full story)