Global Economic Outlook 2024-2026 Report

This document is a research report detailing the global economic outlook for the years 2024 to 2026, produced by Allianz Research. It outlines projected global growth at 2.8%, consistent with long-term averages, and discusses the anticipated economic conditions in major regions, including the US, Europe, and China. The report notes that the US economy is expected to slow but remain a key support for global growth, while Europe shows signs of improvement despite Germany's ongoing recession. The report highlights rising recession risks in the US and Europe, alongside fiscal consolidation efforts that may impact GDP growth negatively. It also addresses inflation trends, projecting a return to the 2% target by mid-2025, and discusses the implications of central bank policies on capital markets. Additionally, the report examines corporate recovery, trade dynamics, and the impact of geopolitical tensions on economic forecasts, emphasizing the need for cautious optimism amid uncertainties.