Our latest Global Macro Forecast includes a number of possible scenarios for the world's combined economies. Global Head of Forecasting Johan Löf looks at which is currently the most likely.

Plus: political risk has risen following a bad set of results in the UK local elections for the Labour Party - what do markets think of them and have they changed the path of interest rates? Senior UK Economist Daniel Mahoney explains.

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Presenters: Daniel Mahoney, Johan Löf

Producer: Sonia Rothwell

🔗 Read: April 2026 Global Macro Forecast

🔗 Read: UK political risk may exacerbate financial market movements arising from geopolitical risk

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