Bank of America(US:BAC) 智通财经网·2025-06-28 10:18Core Viewpoint - Bank of America has raised its global growth forecast for 2025 by 20 basis points, attributing this to China's advantageous position amid geopolitical tensions and trade ceasefire effects [1] Global Economic Outlook - Global economic growth is projected to be 3% in 2025 and 2026, accelerating to 3.3% by 2027 [1] - Global inflation is expected to hover around 2.5% as countries adjust to tariff impacts [1] China Economic Forecast - Bank of America has increased China's growth forecast for 2025 from 4.0% to 4.7% and for 2026 from 4.2% to 4.3% [2] - The new forecasts incorporate stronger-than-expected data for Q4 2024 and Q1 2025, improved trade trajectories, and a moderate recovery [2] Tariff and Trade Dynamics - The actual tariff on U.S. imports from China is approximately 40%, a reduction from previous assumptions that it would remain at 50% until year-end [1] - The U.S. tariffs on imports from Canada and Mexico are expected to stabilize around 5%, while tariffs on other regions are projected to remain at 10% [1] Monetary Policy Insights - Bank of America anticipates that the People's Bank of China will not lower interest rates further this year, focusing instead on implementing existing measures [2]