宏觀半年度報(bào)告：安辭定色順勢(shì)而為

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14、0%-2.70%1.90%1.80%0.60%0.90%4.10%8.50%8.10%8.30%1395215898951811800108001150049.40%49.40%51.90%6%6.20%6.90%5.60%5.90%6.10%5.30%8.73%8.12%11.20%9.50%10.20%8.10%8.98%9.50%3101030727311066.10%7.10%5.20%1.80%12.90%12.90%8934232476160Wind20171.296.7%30%20191-5 9.76%5.49%5/2322017 320191-5 Wind Wind20185G

15、1. 1-51-52 6/234 5Wind Wind2019 2.30%2019 6Wind2004 7/235G2019665G5G20185G5G5G4G1.520134G5G7Wind4G20191-55G5G20195G5G SA202035G20205G201715G8/235-10 1.20198Wind2019 1-52.3%20182018201920186269/239 10Wind Wind2.2019 PPI PPI PPI 27PMI PMI G2011PPIPPIRM 12PMIPMI Wind Wind20192018 20191-5 20182017 20191

16、-567%20172018 58%2015-201610/2313Wind2015 PMI 14 15PMI Wind Wind5 2018201911/2316 17PMI Wind WindGDP 1.GDP 2017 GDP /GDP18Wind12/2319WindGDP GDP20,0002-3 2.20172018OLED 5g13/2320 21WindWind3.CPICPICPI2016CPICPI22CPIWindCPICPI 14/2320192018 MPA 6232018 24WindWindOECD6201925 OECD 20182019 56.20%6.30%6

17、.00%6.00%2.80%2.70%2.30%2.10%1.20%1.40%1.00%1.10%1.20%1.80%1.40%1.60%0.70%1.00%0.60%0.70%7.20%7.30%7.43%7.40%0.74%1.60%1.20%1.40%3.20%3.50%3.40%3.50%Wind15/2326 27Wind Wind28 29Wind Wind2019 1-52017-2018 2018 1-51.9416/23305 315 Wind Wind30%5 2018201920180.2325 335 Wind Wind20182019617/232019201820192018 34WindAMSCIA A A 5G 201918/233