Mid-year economic outlook 2025-26: Summertime sadness

The global economy has got that summertime, summertime sadness. Global GDP growth could hit the slowest pace since 2008 this year, outside of recession periods, according to our mid-year economic outlook for 2025-26. The US is expected to grow by +1.6%, helped by lower effective tariffs, while the Eurozone should see growth at +1.2%. The picture for emerging markets is more mixed, with some benefiting from FX appreciation and increased investment flows and others feeling the pinch of higher tariffs. To hit the right note, we’ve selected five summery songs to sum it up. Find out what they are in this episode with our AI Assistant, Aria. Read the full report here: https://www.allianz.com/en/economic_research/insights/publications/specials_fmo/250703-global-economic-outlook.html This content was generated by AI with the oversight of Allianz Research.