摩根士丹利：亚太地区投资者报告-再通胀、关税与科技

M Foundation April 16, 2025 01:01 PM GMT Investor Presentation | Asia Pacific Reflation, Tariffs and Tech Morgan Stanley Asia Limited+ Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. Foundation M Growth to Reach 4.2% in 2025 amid Tariff Shocks Growth to soften meaningfully in Q2-Q3 Persistent deflation pressure 3.5 4.0 4.5 5.0 5.5 6.0 6.5 1Q23 2Q23 3Q23 ...