William Blair：2024年经济学周报-资本支出复兴的下一步（英文版）

For almost a decade, one of the central themes in our research has been the unfolding productivity and capex revival. While we were an early adopter of this idea (e.g., here, here, here, and here), the actual progress around this narrative admittedly has been a very slow burn. Nevertheless, evidence suggests that momentum has started to pick up over the last few years as a result of several structural economic dynamics now having a more marked impact. These include innovation, demographics, g