Emerging Markets 2026: The Next Phase Of Global Rebalancing
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William Blair844 FollowersFollow5ShareSavePlay(52min)CommentsSummaryEmerging markets are entering 2026 as a central force in the reordering of global growth.All in all, we believe a stable U.S. dollar, ample global liquidity, and strong demand for industrial commodities are likely to prove fertile ground for EM assets in 2026.The vast majority of EMs are small, open economies whose fortunes depend on what happens in the world’s three principal demand centers: the United States, Europe, and China.After more than a decade of underperformance, EM equities outpaced developed market equities in 2025. Oselote/iStock via Getty Images Macro | Protectionism, Policy Shifts, and the New Economic Reality Emerging markets (EMs) are entering 2026 as a central force in the reordering of global growth. The combination of a softer U.S. dollar, moderating inflation, and stronger domestic fundamentals has createdThis article was written byWilliam Blair844 FollowersFollowWilliam Blair is committed to building enduring relationships with our clients and providing expertise and solutions to meet their evolving needs. We work closely with the most sophisticated investors globally across institutional and intermediary channels. We are 100% active-employee-owned with broad-based ownership. Our investment teams are solely focused on active management and employ disciplined, analytical research processes across a wide range of strategies. We are based in Chicago with resources in New York, London, Zurich, Sydney, Stockholm, and The Hague, and dedicated coverage for Canada.