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Global growth edges up but uncertainties persist amid trade negotiations

The IMF has raised its 2025 global growth forecast to three percent, citing easing inflation and resilient demand, though structural weaknesses remain. The eurozone, meanwhile, posted marginal 0.1 percent growth in Q2, weighed down by ongoing US tariffs. In China, attention will soon shift to October's upcoming Fourth Plenary Session, where policymakers are expected to signal new directions for reform. Themes such as "de-involution" and AI-driven talent realignment are gaining traction as China seeks to rebalance its economy. Recent tax data has also shed light on significant fiscal strength from 2021 to 2025—with over 85 trillion yuan (about $11.8 trillion) in revenue and 3.6 trillion yuan in tax and fee cuts—offering a window into Beijing's long-term growth strategy.