三菱日联银行（MUFG）：2025年第四季度全球经济展望报告（英文版）

The key theme remains one of broad resilience with the outlook brightening somewhat since our previous update. Recent data have suggested that the global economy continues to weather tariff-related uncertainty in reasonable shape. We have revised up our global growth projection for 2025 by 0.3pp accordingly, with notable upgrades to the national figures for the US and Japan. • Looking ahead, growth momentum is set to moderate slightly in 2026 but remain relatively firm with growth rates gener