Global Research Highlights Halftime Report & All Things "AI" Investment Strategy Resilient growth in a precarious world As we close out the first half of the year, BofA's Head of Global Econ, Claudio Irigoyen, upgrades our 2025 global growth forecast by 20bp, largely explained by China benefiting from the trade truce. We expect the global economy to grow 3% in 2025 and 2026, accelerating to 3.3% in 2027. We forecast global inflation to hover around 2.5% as economies absorb the tariffs shock. While trade de- ...

A recent report from Bank of America Securities (BofA) highlights a significant, yet currently underestimated, medium-term surge in software spending driven by AI agents.While the market has shown some caution due to an “underwhelming generative AI adoption or monetization cycle” so far, BofA believes that “agentic functionality” could be the key to unlocking substantial revenue.BofA’s “deep dive” into agentic AI suggests that spending on this technology could reach a staggering $155 billion by 2030. This e ...