In this issue, you will find Hélène Baudchon's editorial and the update of our “EcoNews”, “markets review” and “economic scenario” sections.
The year 2024 is coming to an end, but political and economic uncertainties persist and are expected to continue into 2025, albeit in new forms. Donald Trump’s economic agenda is known. On the other hand, the measures that will actually be implemented, their timing and their economic impact are among the great known unknowns of 2025. In any case, uncertainty itself is expected to be a major drag on growth next year. A convergence of growth rates between the US and the Eurozone is expected in the course of 2025, via a slowdown in US growth. The latter would suffer from the inflationary effects of Trumponomics and the resulting more restrictive monetary policy, with the Fed's expected status quo on rates throughout 2025
The Main recent economic news.
Equity indices, Currencies & commodities, and Bond markets.
GDP growth, inflation, exchange and interest rates.
