摩根大通：全球数据观察

J P M O R G A N Global Economic Research 20 June 2025 Global Data Watch What not to expect when you are expecting Having expanded at a trend-like pace of 2.4%ar in 1H25, we see global GDP growth downshifting to 1.4%ar in 2H25—its slowest pace in over three years. An inflation rotation is also anticipated as US core CPI inflation accelerates towards a 4%oya pace while Euro area inflation drops to 2%. Against this backdrop, we look for cautious easing by central banks. Softening labor markets should prompt an ...