2025–26 年年中经济展望:夏日忧思.docx

2025–26 年年中经济展望:夏日忧思.docx

Mid-yearEconomic

Outlook2025-26:

Summertimesadness

EndofQ22025updatedeconomicandcapitalmarketsoutlook

?All

?Allianz2025

4

problemthantariffs

useconomicpolicyfromtariffstodeportationsand

capitalgaintaxesisincreasingglobaluncertaintyEconomicpolicyuncertaintyindex

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