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2026海外宏观年度展望:修复“K型经济”研究报告-33页(附下载)

  • 2026-03-21 01:22:34
2026海外宏观年度展望:修复“K型经济”研究报告-33页(附下载)

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Al叙事影响之下,美国宏观经济呈现分化特征。自2022年底ChatGPT面世以来,AI叙事在产业和宏观层面不断发展、扩大。从美国经济来看,围绕AI产业趋势,经经济当中特定环节、产业形成了较为独立的增长趋势,典型如结构性的企业投资景气、财富效应及消费韧性,我们以下概括代称"AI经济",表现出强劲的增长动能。而距离AI产业趋势较远的经济的其他部分,如就业市场、居民消费、传统的企业投资、房地产,我们称为"非AI经济",则逐步开始传递出经济衰退的风险信号。

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2026海外宏观年度展望：修复“K型经济”-251228-东方证券-33页

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  134. /yingpanguazai/ssd/ssd1/www/e.15386.cn/vendor/topthink/think-view/src/Think.php ( 8.38 KB )
  135. /yingpanguazai/ssd/ssd1/www/e.15386.cn/vendor/topthink/framework/src/think/contract/TemplateHandlerInterface.php ( 1.60 KB )
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  137. /yingpanguazai/ssd/ssd1/www/e.15386.cn/vendor/topthink/think-template/src/template/driver/File.php ( 2.41 KB )
  138. /yingpanguazai/ssd/ssd1/www/e.15386.cn/vendor/topthink/think-template/src/template/contract/DriverInterface.php ( 0.86 KB )
  139. /yingpanguazai/ssd/ssd1/www/e.15386.cn/runtime/temp/99024188178db16440710d184953c4ae.php ( 12.06 KB )
  140. /yingpanguazai/ssd/ssd1/www/e.15386.cn/vendor/topthink/think-trace/src/Html.php ( 4.42 KB )
  1. CONNECT:[ UseTime:0.000692s ] mysql:host=127.0.0.1;port=3306;dbname=e_15386;charset=utf8mb4
  2. SHOW FULL COLUMNS FROM `fenlei` [ RunTime:0.000918s ]
  3. SELECT * FROM `fenlei` WHERE `fid` = 0 [ RunTime:0.000407s ]
  4. SELECT * FROM `fenlei` WHERE `fid` = 63 [ RunTime:0.000337s ]
  5. SHOW FULL COLUMNS FROM `set` [ RunTime:0.000682s ]
  6. SELECT * FROM `set` [ RunTime:0.000285s ]
  7. SHOW FULL COLUMNS FROM `article` [ RunTime:0.000610s ]
  8. SELECT * FROM `article` WHERE `id` = 457919 LIMIT 1 [ RunTime:0.000457s ]
  9. UPDATE `article` SET `lasttime` = 1775187301 WHERE `id` = 457919 [ RunTime:0.015905s ]
  10. SELECT * FROM `fenlei` WHERE `id` = 66 LIMIT 1 [ RunTime:0.000446s ]
  11. SELECT * FROM `article` WHERE `id` < 457919 ORDER BY `id` DESC LIMIT 1 [ RunTime:0.000610s ]
  12. SELECT * FROM `article` WHERE `id` > 457919 ORDER BY `id` ASC LIMIT 1 [ RunTime:0.000877s ]
  13. SELECT * FROM `article` WHERE `id` < 457919 ORDER BY `id` DESC LIMIT 10 [ RunTime:0.001849s ]
  14. SELECT * FROM `article` WHERE `id` < 457919 ORDER BY `id` DESC LIMIT 10,10 [ RunTime:0.002090s ]
  15. SELECT * FROM `article` WHERE `id` < 457919 ORDER BY `id` DESC LIMIT 20,10 [ RunTime:0.001368s ]
0.112170s