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摩根大通(J.P. Morgan):2025年全球投资展望报告:乘势而上(英文版)(94页).pdf

上传人: Y**** 编号:622594 2025-04-07 94页 14.84MB

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1、 Outlook 2025Building on StrengthEasing global policy Normalizing policy rates U.S.&Japan over EM Continued U.S.housing shortage Productivity gains Increased dealmaking Capital investments AI:Boom or bust?Health care disruption Automation&robotics Building power infrastructure Redefining security El

2、ection impacts Defining Trump 2.0 Sunsetting tax policy Managing rate volatility Anti-trust risk Anti-establishment surge Portfolio resilience The wealth check Finding value in income Defending against inflation Reconfigured returns The gold rush Investment landscapes Evergreen alternatives Sports&s

3、treaming The 21st-century space race Liability managment Reimagined cities INVESTMENT AND INSURANCE PRODUCTS ARE:NOT FDIC INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT A DEPOSIT OR OTHER OBLIGATION OF,OR GUARANTEED BY,JPMORGAN CHASE BANK,N.A.OR ANY OF ITS AFFILIATES SUBJECT TO INVESTMENT

4、RISKS,INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED The views expressed herein are based on current conditions,subject to change and may differ from other JPMorgan Chase&Co.affiliates and employees.The views and strategies may not be appropriate for all investors.Investors should speak to

5、 their financial representatives before engaging in any investment product or strategy.This material should not be regarded as research or as a J.P.Morgan Research Report.Outlooks and past performance are not reliable indicators of future results.Please read additional regulatory status,disclosures,

6、disclaimers,risks and other important information at the end of this material.2025 OUTLOOK REPORT 2 2025 OUTLOOK REPORT Foreword As we approach the end of the year,various headwinds intersect economies and markets.The global economy is growing at a good pace.Inflation has cooled.But geopolitical ris

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根据报告的内容,本文主要讨论了2025年全球经济和投资趋势。文章提出以下关键点: 1. 全球政策利率将正常化,支持经济增长,但不会引发通胀。 2. 资本投资将加速,特别是在人工智能、能源和基础设施领域。 3. 选举结果将影响税收政策、主权债务和贸易政策。 4. 投资组合需要增强韧性,以保护财富并抵御宏观经济波动。 5. 投资领域将出现新的前沿,如绿色替代品和体育投资。 文章还引用了以下核心数据: - 37个全球中央银行中有27个正在降息。 - 2024年,全球股票回报超过20%,债券也有所上涨。 - 预计到2025年底,美国的政策利率将降至3.5%,欧洲的政策利率将降至2%以下。 - 2024年,美国企业利润增长强劲,预计2025年所有S&P 500行业都将实现正收益增长。 - 预计到2025年,全球安全支出将与2010年代云计算和电子商务投资相当。 综上所述,文章预测2025年全球经济将继续增长,但面临政策、选举和通胀等不确定性,因此建议投资者采取平衡的防御性策略。
2025年全球政策利率将如何变化? 人工智能投资将在哪些领域取得突破? 2025年美国大选结果将对全球经济产生哪些影响?
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