Group 1 - The article discusses the monitoring framework for the economic impact of tariffs in the U.S., focusing on trade, prices, and risks [6] - It highlights the significant effects of tariffs on the Producer Price Index (PPI) and the support for the core Consumer Price Index (CPI) due to improved consumer demand [18] - The article emphasizes the need for a comprehensive approach to address "involution" in various industries, identifying sectors that may be caught in this competitive spiral [8][27] Group 2 - The analysis of April economic data indicates a transition from strong "old forces" to a recovery phase for "new forces" in the economy [15] - The article points out the challenges in service consumption recovery, which is facing a supply-demand dilemma beyond just income factors [11] - It notes the differentiation in shipping prices and the stable operation of industrial production, alongside improvements in infrastructure construction [24]
申万宏观·周度研究成果（5.17-5.23）
赵伟宏观探索·2025-05-24 15:09