Most forecasters are currently feeling pretty rosy about 2026 and expect Western economies to continue growing, if tepidly.

After a year of regulatory triumphs, industry leaders are betting that 2026 could mark a major inflection point.

This essay emerged from the Lloyd George Study Group on Global Governance.

MICHAEL J. BUSTAMANTE is Emilio Bacardí Moreau Chair in Cuban and Cuban-American Studies at the University of Miami and the author of Cuban Memory Wars: Retrospective Politics in Revolution and Exile.

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