巴克莱私人银行：2025年年中全球投资展望报告：现实检验（英文版）

All change. A much more assertive US trade policy, weaker greenback and contracting economy were anything but the base case six months ago. After a first reality check, markets are now unsure what to expect. Ultimately, the outcome should be rather benign, opening the door for investors to revisit diversification. What a start to 2025. The events in the first half of the year have yet again proved that the consensus is often wrong, especially when it is extremely one-sided. Six months ago the