William Blair：2025年经济周评：从增长到GARP报告（英文版）

One of the most important things for investors to grasp at the moment is that the tectonic plates of global finance and economics are shifting. This did not start with President Trump, as it is the result of a number of structural changes taking place within the global economy; however, many of the current administration’s actions are amplifying these changes. Perhaps the most important of these is the shift in the inflation regime—from one that is low and stable, with only downside risks, to