Allianz安联：2024-2025全球经济展望报告（英文版）

Special effects for growth, inflation is acting up. We expect sluggish economic momentum ahead, with global GDP growing by less than +3% between 2024-25. While growth in the advanced economies will remain stable at +1.6% in 2024, it will slow down to +4% (-0.3pp) for emerging markets, mainly driven by Asia excluding Asean and Latin American countries. The divergence in growth performance between the US and Europe from 2023 is expected to narrow starting in H2 2024. The US is expected to grow