According to CoinMeta, Moody's stated in its latest macro outlook that global economic growth is expected to slow from 2.8% in 2025 to 2.6% in 2026, and then stabilize around this rate in 2027 and 2028. Developed economies are projected to grow by about 1.7% next year, while the growth rate of emerging markets may slow from 4.5% in 2025 to around 4% in 2027. Moody's noted that as oil prices peak and hover near the upper end of the $90-110 per barrel range, overall inflation will ease, and oil prices are expected to begin to decline in mid-2027. Central banks may opt for limited interest rate hikes rather than initiating a continuous tightening cycle. Capital expenditure by hyperscale cloud service providers is expected to remain high at around $1 trillion next year, but as the growth rate slows from about 100% this year to 25% next year, their support for GDP will weaken.