摩根士丹利：2023全球财富和资产管理报告：人工智能的临界点【英文版】

Despite the market rebound in 2023, the asset and wealth managementindustries are still facing a long-term shift in the macroeconomicenvironment. For nearly 15 years since the Global FinancialCrisis, a period of low, stable inflation and strong markets, buoyed bysupportive monetary and fiscal policies, reigned over most of thedeveloped world. This goldilocks period was disrupted in 2022, whencentral banks aggressively raised interest rates to tame inflation,leading to a simultaneous pullback