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1、Global Economic Global Economic Outlook 2026 Outlook 2026 S Slowing global economy amid lowing global economy amid persistent supply shockspersistent supply shocksDecember 15,2025December 15,20252Agenda Executive summaryFive global themes Five global themesCountry and regional outlooks Country and r

2、egional outlooksTranslating macro insights into action Translating macro insights into actionMeet the team and explore resources Meet the team and explore resourcesDisclaimer:This presentation is provided solely for educational purposes;it does not take into account any specific individuals or entit

3、ys facts and circumstances.It is not intended,and should not be relied upon,as tax,accounting or legal advice.The EY global organization expressly disclaims any liability in connection with the use of this presentation or its contents by any third party.Neither the EY global organization nor any mem

4、ber firm thereof shall bear any responsibility whatsoever for the content,accuracy or security of any third-party websites that are linked(by way of hyperlink or otherwise)in this presentation.The views expressed by the presenters are not necessarily those of the EY global organization or other memb

5、ers of the EY global organization or of any other company or organization.23Resilience but easing growth The global economy remains resilient but is increasingly shaped by complex crosscurrents:shifting trade alignments,demographic pressures,evolving labor dynamics and an accelerating artificial int

6、elligence(AI)investment cycle.These forces create both stabilizers and vulnerabilities,leaving global expansion dependent on a narrow set of supports.Despite recent tariffs,global trade has held up due to carve-outs and supply chain reconfiguration,but a more disruptive phase remains a meaningful ri