A golf club includes a golf club head, a shaft adapter secured within a hosel of the golf club head, and a shaft secured within the shaft adapter. The golf club shaft is formed from a fiber reinforced polymer and extends along a longitudinal axis between a tip end and a grip end. The golf club shaft includes a tip end section, a grip end section, and a tapered section between the tip end section and the grip end section. The tapered section of the shaft includes a reference portion within the upper half that has a frustoconical shape with a near-constant taper rate, and a narrowed portion within the lower half. The narrowed portion is recessed relative to a reference surface extrapolated from the frustoconical shape.