三菱日联银行（MUFG）：2025年第二季度全球经济展望报告（英文版）

The global economy is navigating a complex landscape of volatile trade policies and geopolitical uncertainty, yet underlying macroeconomic fundamentals remain relatively firm in many regions. While we fully expect global growth to moderate in 2025-26, led by weakness from the US, our central scenario assumes that a sharp global slowdown will be avoided. Central bank easing, lower energy prices and (in some cases) bolstered fiscal support are all set to underpin overall activity. Although unce