摩根大通经济学家兼执行董事吴向红7月16日在“2016中国资产管理年会-海外投资主题论坛”作主题演讲时表示——我们比较担心的是美国整体的周期性增长,现在美国经济可能已经处于增长周期的末端。这意味着,未来美国经济增长风险会逐渐提高。目前投资者需要密切关注美国企业部门利润率下滑,劳动力市场开始紧张等现象,以判断美国经济增长是否开始进入衰退期。比较令人忧虑的是,未来两到三年内,美 Wu Xianghong, JP Morgan economist and managing director, said in a keynote speech at the “China Asset Management Annual Conference 2016 - Overseas Investment Forum” on July 16 that we are more concerned about the cyclical growth of the United States as a whole. Now the United States The economy may already be at the end of the growth cycle. This means that in the future the risk of economic growth in the United States will gradually increase. Investors now need to pay close attention to the drop in the profitability of the U.S. business sector and the tense labor market so as to judge whether the U.S. economic growth begins to enter a recession. More worrying is that in the next two to three years, the United States