2025高盛（Goldman Sachs）研究報告合集（共42套打包）

1、In mi d-2023 we lai d out the case for an AI i nvestment cycle reachi ng 2%of nannual GDP,where 1)an i ni ti al surge i n hardware i nvestment necessary to trai n AI models and run AI queri es would 。

2、We expect the second Trump admi ni strati on to bri ng hi gher Chi na and autontari ffs,much lower i mmi grati on,some fresh tax cuts,and regulatory easi ng.I fso,the US economy should grow 2.5%i n 2。

3、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

4、The Year of the Alpha Bet We are entering a benign part of the cycle;interest rate cuts that coincide withneconomic growth tend to be supportive for equities.Nevertheless,global equities have already。

5、Reasons to RecalibrateAsset Management 2025 OutlookThis financial promotion is provided by Goldman Sachs Asset Management B.V.GOLDMAN SACHS ASSET MANAGEMENT2NOVEMBER 2024REASONS TO RECALIBRATEASSET M。

6、Investors should consider this report as only a single factor in making their investment decision.For Reg AC certification and other important disclosures,see the Disclosure Appendix,or go to Bigger 。

7、Investors should consider this report as only a single factor in making their investment decision.For Reg AC certification and other important disclosures,see the Disclosure Appendix,or go to Oppenhe。

8、GEN AI:TOO MUCH SPEND,TOO LITTLE BENEFIT?ISSUE 129|June 25,2024|5:10 PM EDT”$P$Global Macro ResearchInvestors should consider this report as only a single factor in making their investment decision.F。

9、EQUITYRESEARCH|August 06,2024|5:44PM HKTGoldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a confl。

10、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

11、EQUITY?RESEARCH|April?,2024|?0:?PM EDTGoldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflic。

12、Steady growth:I n 2024,we expect macro-economi c resi li ence to conti nue i n I ndi a ami dst steady growth at 6.3%yoy.The year wi ll li kely be a tale of two halves:Pre-electi ons,government spendi。

13、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

14、EQUITYRESEARCH|April 29,2024|4:40AM CESTGoldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a confl。

15、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

16、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

17、聚焦中國高韌性企業-比亞迪(002594.SZ)聚焦中國高韌性企業-比亞迪(002594.SZ)全球汽車市場上的新興領先企業(摘要)聚焦中國高韌性企業(China Resilience)系列報告重點介紹了具備強大競爭護城河的中國企業，它們的競爭優勢使其能更好地應對復雜多變的宏觀環境。我們在報告中具體研究了這批企業的商業護城河、歷史資本配置和回報情況，并分別提供了謹慎情景和展望2035年前行道路的。

18、EQUITYRESEARCH|April 28,2024|10:34PM EDTGoldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a confl。

19、Fiscal consol idation in the EMU4 wil l continue for the next three years.In nGermany,the constitutional Debt Brake is unl ikel y to be rel axed until at l east the German el ection in September 2025。

20、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

21、中國 卡車和發動機中國綠色卡車運輸的未來-電動化崛起(摘要)鄭睿豐,CFA 鄭睿豐,CFA+852-2978-1405|高盛（亞洲）有限責任公司林妍林妍+852-2978-7020|高盛（亞洲）有限責任公司閆菽靈閆菽靈+852-2978-0178|高盛（亞洲）有限責任公司背景：背景：綠色卡車運輸對于公路運輸行業脫碳至關重要。公路運輸行業是碳排放的主要來源，盡管重卡僅占中國汽車總保有量的3%，但其。

22、UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington,D.C.20549 Form 10-QQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended Sep。

23、POST-ELECTION ECONOMIC POLICIES ISSUE 132|Oct ober 21,2024|4:50 PM EDT&R&Global Macro ResearchInvestors should consider this report as only a single factor in making their investment decision。

24、Annual Report2022THE GOLDMAN SACHS GROUP,INC.1Fellow Shareholders:In January 2020,I stood in the auditorium of our NewYork headquarters at 200 West Street and kicked off our first Investor Day.Back t。

25、Annual Report2023THE GOLDMAN SACHS GROUP,INC.1Fellow Shareholders:Twenty twenty-three was a year of execution for Goldman Sachs.We took swift,decisive action to refocus the firms strategy while at th。

26、HIGH BOND YIELDS:HERE TO STAY?ISSUE 135|February 5,2025|4:50 PM EST%Q%Global Macro ResearchInvestors should consider this report as only a single factor in making their investment decision.For Reg AC。

27、Goldman Sachs does and seeks to do business with companies covered in its research reports.As a result,investors should be aware that the firm may have a conflict of interest that could affect the ob。

28、We are enteri ng a more beni gn part of the cycl e wi th a conti nuati on of economi c ngrowth al ongsi de l ower pol i cy rates a combi nati on that has hi stori cal l y been posi ti ve for equi ti 。

29、MARKET CONCENTRATION:HOW BIG A WORRY?ISSUE 133|November 25,2024|5:00 PM EST&U&Global Macro ResearchInvestors should consider this report as only a single factor in making their investment dec。

30、We recently lai d out our Global Macro Outlook for 2024The Hard Part is Over.We provi de more detai l on our Global Markets Outlook here,hi ghli ghti ng as usual 10 core i nvestment themes that dri v。

31、Long duration,neutral credit risk.The end of monetary ti ghteni ng,decli ni ng i nflati on and sti ll-robust growth wi ll li kely allow spreads to remai n wi thi n the ti ght end of thei r recent ran。

32、We expect 2025 to be another chal l enging year for the Euro area economy.First,nUS President-el ect Trumps pl an to impose tariffs is l ikel y to weigh significantl yon growth,with much of the drag 。

33、Navigating ComplexityA Client-Centric Approach toSustainabilityGoldman Sachs 2022 Sustainability ReportHow we balance short-term needs with long-term ambitions.How we help address challenges。

34、HOW INVESTABLE IS EUROPE?ISSUE 130|August 1,2024|4:00 PM EDTVGlobal Macro ResearchInvestors should consider this report as only a single factor in making their investment decision.For Reg AC certific。

35、2023 has been a mixed year for the Euro area.I nitial l y,the economy showednsurprising resil ience to the energy crisis,defying expectations for recession.Growth has disappointed since the spring,ho。

36、IS THE FED BEHIND THE CURVE?ISSUE 131|Sept ember 3,2024|6:40 PM EDTVGlobal Macro ResearchInvestors should consider this report as only a single factor in making their investment decision.For Reg AC c。

37、Michele Della Vigna,CFA +39 02 8022-2242 Goldman Sachs Bank Europe SE-Milan branch EQUITYRESEARCH|October 9,2024|6:00PM CESTGoldman Sachs does and seeks to do business with companies covered in its r。