The worldwide financial system by way of the eyes of key asset managers
The worldwide financial system stays below strain from a rising checklist of dangers, together with the protectionist insurance policies from the White Home, geopolitical instability, persevering with inflationary points, and an rising degree of company and authorities debt. Is the image actually so gloomy? This choice of insights provides views on the course of the worldwide financial system from earlier than the lates wave of U.S. tariffs, and in its fast aftermath.
The financial system earlier than “Liberation Day”
Two Coverage Dangers within the Highlight (Northern Belief Asset Administration)
There are two important coverage dangers looming within the weeks forward: U.S. home coverage danger and world coverage danger.
Can the U.S. Maintain a Rising Debt Burden? (Amundi)
For compliance causes, this paper is barely accessible in sure geographies
The trajectory of U.S. federal authorities debt is escalating, with debt held by the general public doubtlessly rising from just below 100% immediately to greater than 170% of GDP in 30 years.
Macro Views: Quick-Time period Volatility vs. Lengthy-Time period Impression (Fisher Investments)
For compliance causes, this paper is barely accessible in sure geographies
The worldwide financial growth and fairness bull market ought to proceed in 2025. Nevertheless, dangers do lie forward.
5 Themes for a New Financial Touchdown (Nuveen)
The U.S. financial system could regularly decelerate to a cruising pace nearer to 2.0% over the approaching quarters (and could also be on observe to have a unfavorable first quarter studying).
A Return to Uncertainty: Will Development Stabilize? (MetLife IM)
Uncertainty is making it tougher for some corporations (and their clients) to plan purchases and make long-term commitments.
Funding and Financial Outlook, March 2025 (Vanguard)
For compliance causes, this paper is barely accessible in sure geographies
Uncertainty round tariffs, immigration, and different coverage is more likely to weigh on the U.S. financial system in 2025.
Understanding Tariffs in 5 Charts (Capital Group)
For compliance causes, this paper is barely accessible in sure geographies
The rewiring of world commerce resulting from U.S. tariffs displays a bigger shift in geopolitical world order that’s simply starting.
FY2025 – FY2026 Financial Outlook (Mizuho)
The worldwide financial system is predicted to get better solely slowly because the U.S. raises tariffs in levels. However are development prospects too pessimistic?
Tariffs, Deglobalization and the Price of Decarbonization (Goldman Sachs)
This paper appears at three forces which can be shaping the worldwide financial system: tariffs, the price of carbon, and the prospects for development.
The financial system after “Liberation Day”
Liberation Day Commentary (Invesco)
U.S. President Trump introduced tariffs to be utilized on imports from a wide range of nations. These tariffs have been worse than most had anticipated.
May “Liberation Day” Shackle the International Financial system? (Allianz International Buyers)
For compliance causes, this paper is barely accessible in sure geographies
The Trump administration’s announcement of a ten% common levy and better duties on main buying and selling companions brought on market volatility to spike.
Latest U.S. Tariff Selections & ME Companies: What to do now? (PwC)
Center East nations, together with the UAE, and KSA will likely be topic to further tariff fee of 10%.
Trump Tariffs: Financial and Market Implications (DBS)
Canada and Mexico are excluded from the reciprocal tariff regime. They’re nonetheless, nevertheless, topic to plans to impose 25% tariffs on most imports.
U.S. “Reciprocal” Tariffs: Implications for Germany (EconPol)
Contemplating the significance of the U.S. marketplace for totally different merchandise, the proposed U.S. tariffs might closely disrupt the export actions of German corporations.
The Implications of ‘Liberation Day’ (Customary Chartered Financial institution)
President Trump’s self-proclaimed “Liberation Day” resulted in higher-than anticipated tariffs on imports into America.
