The State of the Global Economy: June 2026
Global confidence has recovered for six straight weeks, but the rebound is fragile. The global index of consumer sentiment’s 4-week moving average is still well below its pre-war baseline — and 11 of 43 markets remain more than 10% below January 2026 levels.
Author
John Leer
VP, Chief Economist
What's Inside the Report
Global consumer confidence by country: China (169.7) and the Gulf states dominate the top of the global rankings, each insulated from Hormuz disruption through alternative supply routes or direct export revenues
How rising energy prices are exporting food insecurity to advanced economies: As of March 2026, food insecurity remains elevated across the world’s largest economies
Consumer confidence by region and country, trended: Explore how confidence has shifted across 40+ markets
How Chinese consumers are breaking away from the rest of the world (especially the U.S.): The gap between China and the U.S. is a leading indicator of where consumer spending will diverge over the next one to two quarters.