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ACCA:2026年全球经济展望报告:稳健但脆弱的全球增长态势(英文版)(27页).pdf

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1、2026 Global economic outlook.Steady,but fragile global growth.About ACCA.We are ACCA(the Association of Chartered Certified Accountants),a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide.Founded in 1904 to widen access to th

2、e accountancy profession,weve long championed inclusion and today proudly support a diverse community of over 252,500 members and 526,000 future members in 180 countries.Our forward-looking qualifications,continuous learning and insights are respected and valued by employers in every sector.They equ

3、ip individuals with the business and finance expertise and ethical judgment to create,protect,and report the sustainable value delivered by organisations and economies.Guided by our purpose and values,our vision is to develop the accountancy profession the world needs.Partnering with policymakers,st

4、andard setters,the donor community,educators and other accountancy bodies,were strengthening and building a profession that drives a sustainable future for all.Find out more at Introduction.This is our third annual economic outlook publication.We hope it will help you and your stakeholders navigate

5、the many challenges,risks and opportunities in the global economy in the year ahead.In Section 1,we discuss the prospects for the global economy and key countries in 2026,as well as some of the major risks.In Section 2,we interview former IMF Chief Economist Ken Rogoff about his views on the outlook

6、 for the global economy and discuss his recent book Our Dollar,Your Problem.In Section 3,we highlight and discuss the key risk events to watch in 2026.In Section 4,we highlight three key trends we will be closely following in the coming year:i)developments with artificial intelligence(AI);ii)develop

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1. **全球经济展望**:2026年全球经济增长预计约3.1%-3.3%,虽低于疫情前3.7%的平均水平,但保持稳健,但面临高不确定性及下行风险(如地缘政治、贸易政策)。 2. **关键经济体表现**: - **美国**:受财政刺激(OBBBA法案)、AI boom及宽松货币政策支撑,预计增长2.1%-2.4%,为发达经济体中最高。 - **欧元区**:增长约0.9%-1.3%,德国财政刺激提振内需,但贸易拖累明显。 - **中国**:增长预计4.4%-4.5%,出口转向非美市场,但房地产和内需疲软。 - **印度**:预计增长6.4%-6.5%,仍是全球最快增长主要经济体,受益于消费和基建投资。 3. **三大核心趋势**: - **AI发展**:2025年AI相关商品占全球贸易增长43%,需关注其生产力提升效果及潜在泡沫风险。 - **债券市场**:美债收益率升至金融危机前水平,若因财政可持续性或美联储独立性担忧进一步上升,将冲击全球金融。 - **全球贸易**:2025年全球贸易增长4.1%,但美关税(平均17%)致贸易格局重塑,2026年增速放缓至2.6%,贸易协议存瓦解风险。 4. **风险事件**:美国中期选举(11月)、欧洲右翼势力抬头、美联储主席更迭及独立性受挑战,均为关键风险点。
**AI泡沫风险?** **美元霸权动摇?** **贸易战再起?**
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