景顺投资（Invesco）：2025年全球投资展望报告：后着陆时代（英文版）（22页）.pdf

1、1For public use in US and Canada For US audiences:Not a Deposit;Not FDIC Insured;Not Guaranteed by the Bank;May Lose Value;Not Insured by any Federal Government Agency 2025 INVESTMENT OUTLOOKAfter the landing2Executive summaryWe expect growth to continue to slow in the near term,followed by a reacce

2、leration through 2025,which should foster a favorable environment for risk assets globally.Kristina Hooper Chief Global Market StrategistJames Anania Investment Strategist Jeffrey Bennett,CFA Senior Portfolio Manager Head of Manager SelectionDavid Chao Global Market StrategistArnab Das Global Macro

3、StrategistMo Haghbin,CFA,CAIA Head of Solutions Kristina Hooper Chief Global Market StrategistPaul Jackson Global Head of Asset Allocation ResearchBenjamin Jones,CFA Director,Macro Research Tomo Kinoshita Global Market StrategistTurgut Kisinbay Chief US Economist Invesco Fixed IncomeBrian Levitt Glo

4、bal Market StrategistAlessio de Longis,CFA Senior Portfolio Manager Head of Investments Invesco Investment SolutionsAshley Oerth,CFA Associate Global Market StrategistMichael Sobolik,CFA Real Estate Investment StrategistDrew Thornton,CFA Head of Thought Leadership SolutionsAndrs Vig Senior Multi-Ass

5、et StrategistRob Waldner,CFA Chief Strategist Head of Macro Research Fixed IncomeContributorsMany of the worlds central banks,having largely succeeded in curbing inflation,are now easing monetary policies with the aim of stimulating growth.In 2025,we anticipate signs of economic deceleration to be c

6、ounteracted by the supportive impact of the global rate-cutting cycle in other words,we think we are seeing a soft landing.We expect growth to continue to slow in the near term,followed by a reacceleration through 2025,which should foster a favorable environment for risk assets globally.In the US,we