新兴经济体在2025年的增长速度比预期的要快,强劲的AI出口有助于抵消美国的关税影响。 Emerging economies grew faster than expected in 2025, with strong AI exports helping offset U.S. tariff impacts.

欧洲复兴开发银行报告说,在其覆盖范围内的新兴经济体在2025年增长了3.4%,超过了预测,预计2026年增长3.6%,2027年增长3.7%。 The European Bank for Reconstruction and Development reported that emerging economies under its coverage grew 3.4% in 2025, exceeding forecasts, with projected growth of 3.6% in 2026 and 3.7% in 2027. 尽管美国对前总统特朗普征收关税,但对增长的影响有限,部分原因是匈牙利、波兰和捷克共和国等国的贸易改道和对与AI相关的出口的强烈需求。 Despite U.S. tariffs under former President Trump, the impact on growth was limited, partly due to trade rerouting and strong demand for AI-related exports from countries like Hungary, Poland, and the Czech Republic. 欧洲复兴开发银行指出,大多数贸易数据发生在2025年4月“解放日”关税之前,最高法院的一项裁决裁定特朗普超越了他的权力。 The EBRD noted that most trade data predates the April 2025 “Liberation Day” tariffs and a Supreme Court ruling that found Trump overstepped his authority. 当前的全球不确定性,包括乌克兰的战争和国防支出的上升,继续阻碍长期投资,促使人们呼吁战略性公共基础设施支出。 Ongoing global uncertainty, including the war in Ukraine and rising defense spending, continues to hinder long-term investment, prompting calls for strategic public infrastructure spending.