（原标题：菲经济增长或放缓） 据《菲星报》9月23日报道，菲央行在其最新的货币政策报告中表示，预计2025年菲GDP增长 率稳定在发展预算协调委员会（DBCC）设定的5.5%至6.5%目标的低端；预计2026年菲经济 增速在6%至7%区间；在实际政策利率下调和产出缺口趋于中性的支撑下，到2027年恢复至目 标区间。2025年通胀率预测为1.7%，远低于政府设定的2%至4%的目标区间；2026年升至 3.3%；2027年升至3.4%。菲财政部也承认，由于全球经济逆风，经济增速低于最初预期，但 通过采取更强有力的税收措施、改进税收管理、打击逃税，财政目标仍能实现。菲财政部助理 部长凯比雷斯表示，随着数字服务增值税、资本市场效率计划法案、CREATE MORE 计划以 及矿业部门强化财政制度等关键措施的实施，今年菲政府收入将有所增加；除此之外，电子游 戏税、一次性塑料消费税、普遍税收赦免以及延长遗产税赦免等其他措施也在酝酿中。 ...

Core Viewpoint - The Brazilian government is implementing an emergency plan to respond to the U.S. tariffs while adhering to its fiscal rules, aiming to maintain a zero deficit target for the year [1] Group 1: Emergency Plan Details - The emergency plan will utilize a "special credit" mechanism to provide financial support without violating the 2025 fiscal goals [1] - The plan includes short-term, medium-term, and long-term measures, with some actions potentially starting within 48 hours after approval from President Lula [1] - The plan will support both the agricultural and industrial sectors, aiming for quick implementation in response to the U.S. imposing a 50% tariff on certain Brazilian goods [1] Group 2: Stakeholder Engagement - The Brazilian government is calibrating specific data with unions, businesses, and the presidential civil office to determine the necessary funding for affected companies [1] - Some companies may not require additional assistance as they can redirect their products to domestic markets or other export channels [1] Group 3: Broader Economic Initiatives - The Brazilian Ministry of Finance is also working on reshaping the export support mechanisms for small, medium, and large enterprises [1] - New labor protection measures are being studied as part of the broader economic response [1]

Core Viewpoint - Brazilian Finance Minister Haddad stated that if the country achieves its fiscal goals, the central bank will have greater capacity to rationalize interest rate cuts [1] Group 1 - The statement emphasizes the relationship between fiscal discipline and monetary policy effectiveness [1] - Achieving fiscal targets is seen as a prerequisite for enabling the central bank to implement more effective interest rate reductions [1]

Core Viewpoint - The UK market is experiencing a significant downturn due to internal conflicts within the ruling party, leading to a sharp decline in government bonds and the currency, alongside political uncertainty surrounding the Chancellor of the Exchequer, Rachel Reeves [1][4][8]. Group 1: Political Developments - The Labour Party's sudden policy shift on welfare reform has created a £5 billion funding gap in Reeves' fiscal plan, raising concerns about her political future [4][7]. - Prime Minister Keir Starmer's ambiguous support for Reeves during parliamentary questioning has intensified fears regarding her stability in the role [4][8]. - Reeves' emotional response in parliament, reportedly shedding tears, has further fueled speculation about her position [5][9]. Group 2: Economic Implications - The failure to implement the planned £5 billion cuts to disability benefits has forced the government to consider further tax increases in the autumn [7]. - The Office for Budget Responsibility (OBR) projects modest economic growth of 1% in 2025 and 1.9% in 2026, which may exhaust the government's fiscal space [7]. - The 10-year UK government bond yield surged to 4.63%, marking the largest single-day increase since April, reflecting market concerns over political uncertainty and fiscal discipline [1][8]. Group 3: Market Reactions - Financial markets have reacted strongly to the political instability, with the pound dropping by 1% against the dollar, indicating growing investor anxiety about the UK's public finances [1][8]. - Analysts suggest that the market's reaction to bond prices indicates a preference for Reeves, as she is viewed as a guardian of fiscal discipline [8].

Group 1 - Brazilian Finance Minister Haddad will discuss measures to achieve fiscal goals with President Lula next week [1]

Group 1 - The Brazilian Finance Minister Haddad emphasizes the commitment to achieving fiscal goals and states that all necessary measures will be taken to ensure these targets are met [1]

Core Viewpoint - Brazil's Finance Minister Haddad stated that measures will be taken to ensure compliance with fiscal targets if any risks are identified, but currently, the planning is progressing smoothly and fiscal goals are expected to be achieved [1] Group 1 - The Brazilian government is focused on maintaining fiscal discipline and achieving set financial objectives [1] - Minister Haddad emphasizes proactive risk management to safeguard fiscal targets [1] - Current progress in fiscal planning is reported to be on track, indicating a positive outlook for Brazil's financial stability [1]