Allianz安联：2024-2025年经济中期展望报告“ 奥运更开放” 经济市场又如何？（英文版）

Ready, steady, slow. Global growth bottomed-out in H1, but the global manufacturing sector is still in excess supply, with low demand in the Eurozone in particular. Recession risks persist in the Eurozone and are rising in the US as the labor market is softening. Overall, we expect global GDP growth at +2.8% in 2024-25, with growth slowing to +1.7% in the US and reaching potential in the Eurozone at +1.4% in 2025. China will continue to manage its growth slowdown (+4.3% in 2025)