Strong U.S. Productivity and Consumer Activity Despite Global Uncertainty
02/06/2025
In 2024, global GDP grew 3.1%, driven by easing inflation and higher household incomes, with central banks adopting accommodative policies. The S&P 500 surged 31%, fueled by strong economic fundamentals and investor optimism. Looking to 2025, the OECD projects 3.2% global GDP growth, with continued disinflation and stronger private sector confidence. U.S. growth is expected at 2.5%, with inflation near 2% and gradual interest rate cuts. Financial services and energy sectors are poised to perform well under the new administration. Risks include potential U.S. tariffs and China's weak consumer sentiment, which could affect global trade and European economies.
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