MacroQ1 / 2026
Global Economic Outlook 2026
Neil Woodford’s 2026 economic outlook: insights on global growth, market trends, and challenges across the US, China, Europe, and the UK.
Topic · Investment thesis
Rethinking China
The contrarian case that the consensus verdict on China — 'uninvestable' — is wrong: cheap valuations and turning stimulus make it an opportunity the West has written off too soon.
The Show · S1 Ep 19
How to Build a Winning 2026 Investment Strategy
Neil walks through his big calls for 2026: the AI industrial revolution, whether China is really “uninvestable”, why he thinks the EU is still a story of missed opportunities, the hidden fragilities in the US, and why he believes the consensus on the UK remains far too gloomy.
The Weekly
Roundup of the week: 12 December 2025
Rates are falling, China’s imbalances are growing louder, and Washington is quietly shifting towards an industrial strategy shaped by the AI race with China. Meanwhile the OBR produces yet another forecast that simply doesn’t add up — and UK “AI superpower” rhetoric looks thin next to global chip spending.
The Weekly
Roundup of the week: 19 September 2025
US-China trade talks made real progress this week, with TikTok’s ownership close to settlement and a broader deal in sight. The Fed cut rates, UK inflation stayed calm, and China’s equities continued their sharp recovery. Europe, meanwhile, remains stuck in bureaucratic gridlock.
The Show · S1 Ep 6
Pharma Walks Out, Red Tape Gone Mad, Oracle Skyrockets
Join Neil Woodford and Jon Adair as they discuss the week’s most significant market stories. In this episode, Neil shares his insights on Merck’s decision to halt its billion-pound research centre in London, central bank rate decisions, China’s latest stimulus measures, and Larry Ellison’s unprecedented wealth gain. Discover why bond yields are returning to previous levels and what this means for investors.
The Weekly
Roundup of the week: 12 September 2025
This week brought disturbing news from the US with the assassination of Charlie Kirk, fresh debate in the UK over tax rumours and economic forecasts, and more evidence that my non-consensual view on UK growth is holding up. In the US, a weaker labour market makes a Fed rate cut next week inevitable, while China continues to roll out stimulus measures.
The Show · S1 Ep 5
Bond Yields, UK Sector Performance & China's Resurgence
This week, the finance world has been anything but calm. Neil Woodford takes us through a story of unexpected market moves and the ripple effects across sectors and continents. Find out what’s really going on and why it matters to you.
Macro
Market Update - China
Chinese markets are stabilising post-tariffs. Stimulus is underway, trade talks are coming, and key companies in our strategies showed strong results.
Theme
AI: Hype or genuine investment opportunity?
AI is being heralded as the fourth industrial revolution, but will it reshape the world like its predecessors, or is it another overhyped trend with unclear profitability? While investors pile into Big Tech, betting on the AI boom, a new development from China is raising uncomfortable questions.
Macro
Trump Wins: Markets React, China Braces
The US election results are in. With Trump’s victory and a Republican-led Senate, what will this new political landscape mean for global growth, inflation, and upcoming central bank decisions?
Macro
UK Budget Fallout and the Big Week Ahead
Reflecting on the UK budget and its limited impact on growth, while looking ahead to a major week for global markets with the US elections, China’s stimulus, and potential UK rate cuts.
Macro
Global economic view, October 2024
What’s driving the global economy in 2025? I explore key trends in the US, UK, and China, focusing on inflation, trade tensions, and interest rates. The outlook for the UK may surprise you, but there are still significant challenges on the horizon.
Macro
Is China's rally real?
Is the recent rally in China’s equity markets a signal of robust recovery or just a fleeting reprieve? As we dissect China's complex economic strategies and global interactions, find out what these changes could mean for investors and the broader global market.