安联：2026年行业地图：三速经济-企业如何应对人工智能、地缘政治与碎片化报告（英文版）

A challenging but still holding macroeconomic backdrop. Global growth is expected to ease to +2.5% in 2026 before rebounding to +2.9% in 2027, propped up significantly by AI investment, which alone contributes roughly a third of US growth. Strip that pillar out and the divergence is stark: the US grows +2.1%, the Eurozone limps at +0.9% with almost no AI upside and China holds at +4.7% on exports and high-tech manufacturing despite weak domestic demand. A reloaded US trade war compounds the s