The "Macro Picture" of the Next Decade: Persistent Inflation in the First 5 Years, "Super Deflation" in the Last 5 Years?
Bank of America Merrill Lynch's latest research report paints a sharply divided ten-year macro picture: an AI-driven capital expenditure boom overlapped with "hot running" fiscal policies will maintain inflation pressure in the near term, while in the early 2030s, the productivity revolution sparked by AI may