Regime dashboard · 21 Aug 2026
Resilient growth meets sticky inflation
Technology investment is supporting activity while energy and services inflation constrain policy. The regime is mixed by design: one label should not erase regional divergence.
Growth
Stable
Uneven across regions
IMF: 3.0% global growth
Inflation
Elevated
Disinflation stalled
IMF: 4.7% headline
Liquidity
Neutral
Ample, not accelerating
Fed assets: $6.80tn
Policy
Diverging
Country-specific reactions
Fed hold · RBNZ hike
Regime map
Current placement is qualitative and based on direction and level. It is not a probability forecast.
Growth ↑ / Inflation ↓
Disinflationary expansion
Growth ↑ / Inflation ↑
Reflation / overheating
Growth ↓ / Inflation ↓
Disinflationary slowdown
Growth ↓ / Inflation ↑
Stagflationary pressure
NOW