Allianz安联：2025年风暴中前行：不确定环境下的经济展望报告（英文版）

Companies are adopting short-term strategies such as frontloading imports, diversifying supply chains and adjusting prices to mitigate tariff impacts, while policy uncertainty hampers investments, especially outside the US. US companies are expected to manage over the next few months with solid balance sheets and stockpiling covering six months of demand (especially for retailers and consumer electronics). However, two-thirds may pass tariff costs to consumers, varying by sector. Meanwhile, p