Annual Outlook

United States Macro Outlook 2025 – Strong Fundamentals, Policy-Driven Uncertainty

Core Theme: Solid Economy Meets Policy Shock The U.S. economy enters 2025 with strong fundamentals [...]

Annual Outlook

Euro Area Outlook 2025 – From Inflation Fears to Growth Pains

Core Theme: The ECB’s Shift – From Fighting Inflation to Fighting Stagnation Growth Outlook: Anemic [...]

Annual Outlook

Japan Macro Outlook 2025 – Executive Summary

Japan’s normalization continues, driven by synchronized wage and price increases, improving productivity, and an ongoing [...]

Annual Outlook

Asia Macro Outlook 2025 – Executive Summary

Turbulence ahead as Asia transitions from a resilient 2024 into a more volatile and fragmented [...]

Annual Outlook

US Economic Growth and Recession Risk

Labor Market and Consumer Behavior Inflation and “Last Mile” Risks Monetary Policy Outlook Recession Drivers [...]

Annual Outlook

Euro Area 2024 Outlook

Growth Outlook: Mild Recession, Then Gradual Recovery Labour Market and Wages Inflation Outlook Monetary Policy [...]