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A year of divergence: The market and economic outlook for 2025

Making Sense

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Global Economic Outlook 2025

This chapter examines the macroeconomic predictions for 2025, focusing on the resilience of the global economy amid high interest rates. It discusses the contrasting responses of different regions' central banks and the implications of policy changes, particularly in the U.S. and Europe, for equity markets. Additionally, the chapter highlights the influence of trade policies and potential shifts in the FX market, particularly regarding the U.S. dollar, driven by upcoming election dynamics.

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