BNY Mellon纽约梅隆银行：2026年全球经济与投资展望报告：创新驱动机遇（英文版）

2025 began with uncertainty. Tariff announcements early in the year sparked volatility across markets, raising concerns about growth and inflation. Yet, despite these headwinds, the U.S. economy and markets demonstrated remarkable resilience.

We anticipated that growth would remain steady in 2025, supported by solid consumer spending and a “good enough” job market. Inflation struggled to reach the Federal Reserve’s (Fed’s) 2% target, but signs of softening in the labor market allowed th