The article argues global growth is increasingly concentrated: in 2026 just 32 economies contributed over 95% of world growth, down from 58 in 2025, with China alone accounting for 28%. Global growth is estimated at a resilient 3.1% in 2026 despite two ongoing wars and the greatest oil supply shock since the 1970s, as the AI investment boom has offset the hit from higher oil prices. AI participation has become the key differentiator, with the US and China leading in AI innovation and investment, while smaller economies such as Taiwan benefit as hardware suppliers. India has sustained strong growth despite being a net energy importer and lacking a strong AI narrative, but the article says this momentum cannot be taken for granted and points to two domestic vulnerabilities to address.
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