William Blair：2026年经济展望报告：半满的玻璃杯（英文版）

One Word to Describe 2025—Uncertainty It is fair to say that President Trump has been the great “disrupter in chief” this term. If President Clinton was famous for his ability to compartmentalize, President Trump’s innate—and no doubt tactical—ability seems to be to “flood the zone,” in an effort to simultaneously provoke and destabilize his opposition. As a result, economic policy gauges of uncertainty (exhibit 1) in 2025 are at their highest level since 1900. Thankfully, we believe this unc