NOMURA CONNECTS
Annual Outlook
We expect above-trend growth, a fall in the unemployment rate and sticky inflation, but a politicized Fed still cuts twice
9 min read | January 2026
International Wealth Management
Powered by a multipolar world, structural shifts in Chinese household investment and Chinese firms’ growing global dominance, Hong Kong continues to be an attractive key global IPO destination
3 min read | January 2026
Annual Outlook
Various major drags on Europe’s economies might explain weak expectations for trend growth including de-globalisation, climate change, demographics, and in the UK’s case, Brexit. But could German fiscal loosening save the day? And are we finally seeing the back of sticky inflation?
3 min read | December 2025
Annual Outlook
Nomura’s Japan economists and strategists discuss their views on the Japan economy in the year to come
4 min read | December 2025