Global Economic Growth Projections - Scope Ratings has slightly revised its global growth estimate for 2025 to 3.3% for this year and 3.2% for next year [1] - The Euro area is expected to grow at 1.4% next year, following a 1.5% growth this year, with Germany, France, and Italy projected to grow at 1.0%, 1.0%, and 0.7% respectively [1][2] - The UK economy is forecasted to grow at a moderate rate of 1.0% next year [2] Regional Growth Highlights - Strong recovery in the periphery of Europe is expected, with Ireland at 3.0%, Spain at 2.5%, Portugal at 2.1%, and Greece at 2.0% growth next year [2] - Central and Eastern Europe, particularly Bulgaria, is projected to grow by 3.2% in 2026 after euro accession [2] US and China Growth Outlook - The US growth estimate has been revised to around 2% for this year, with an above-potential growth of 2.4% next year [3] - China is projected to achieve a growth of 4.7% next year after meeting its 5% growth target for this year, aided by easing US-China trade tensions [3] Macro Risk Factors - The balance of medium-run risks for the global economic and credit outlook remains tilted to the downside, influenced by US policy shifts, geopolitical tensions, and financial system risks [5][6] - Key risks include elevated valuations across asset classes, protectionist trade policies, intensifying public debt challenges, and heightened geopolitical uncertainties [7]

Risks to Australia’s financial system from overseas are heightened and current geopolitical volatility will remain for some time, according to the nation’s banking regulator https://t.co/gYq8ZROPMI ...