2022下半年宏观经济及大类资产展望：经济弱复苏，政策尤可期

请阅读正文之后的信息披露和重要声明 ◆ ◆ 2 1 ......................................................................................................................................................................................................... 4 2 ......................................................................................................................................................................................................... 5 3 ............................................................................................................................................................................................................................ 5 4 PMI% ....................................................................................................................................................................................................................... 6 5 PMI% ............................................................................................................................................................................................................... 6 6 5 ........................................................................................................................................................................................... 6 7 % ................................................................................................................................................................. 7 8 % ......................................................................................................................................................................................... 7 9 % ................................................................................................................................................................................................................................... 7 10 % .................................................................................................................................................................................................... 7 11 % .................................................................................................................................................................................................... 8 12 .................................................................................................................................................................................... 8 13 % ................................................................................................................................................................... 8 14 % .................................................................................................................................................................................................... 8 15 6 ................................................................................................................................................................... 9 16 % ............................................................................................................................................................................. 9 17 2021 ...................................................................................................................................................................................................... 9 18 % ......................................................................................................................................................................................... 10 19 % ............................................................................................................................................................................... 10 20 % ........................................................................................................................................................ 10 21 FOMCGDP% .......................................................................................................................................................................... 10 22 % ................................................................................................................................................................................................................ 11 23 ........................................................................................................................................................................................... 11 24 ..................................................................................................................................................................................................... 11 25 % ......................................................................................................................................................................................... 12 26 2019 ....