阿波罗全球管理：2025年经济展望白皮书：火力全开：特朗普时代的挑战与机遇（英文版）

The outlook for the US economy remains strong with no signs of a major slowdown going into 2025. We continue to see interest rates staying higher for longer on a relative basis, regardless of the Federal Reserve’s ongoing monetary easing campaign. It is too early to assess the impact of potential new policies following Donald Trump’s election as US president. That said, if implemented, his key policy objectives—lower taxes, higher tariffs, and reduced immigration—could increase rates, boost a