St. James’s Place 2024 Market Review and Outlook for 2025
Jamie Burgmann, partner of Select Investor, in partnership with St. James’s Place, has shared the “Highlights from 2024 and what it means for 2025” Report with the TE community.
Through 2025, we expect the economic landscape to be shaped by fiscal policy, evolving trade dynamics and divergent regional growth trajectories.
In a year peppered with many notable elections, the global economy was marked by heightened economic uncertainty in 2024. Despite concerns at the start of the year that restrictive monetary policy would weigh on GDP, growth surprised to the upside and recessions in the key developed market economies were avoided. A gradual cooling of labour markets - lower vacancies and lower wage growth without a significant increase in unemployment – combined with progress in taming inflation has allowed central banks to pivot policy towards gradual rate cuts.
But with the major elections behind us, it’s time for governments to start implementing their policies. Here are some key factors to consider.
Trade and investment dynamics: The impact of the “Trump Tarrifs.”
Fiscal Policy Under Scrutiny: Election promises V Debt Sustainability
Regional divergences: Potential economic divergence between Europe and the USA.
As we look forward to 2025, it is essential to ask,
“Will the US continue to dominate the equity market?”
To read the full report, click on the link below.
Suppose you’d like to discuss your financial situation with a financial advisor. Feel free to contact Jamie Burgmann; you can read his bio page here.
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The information contained is correct as of the date of the article. The information contained does not constitute investment advice and is not intended to state, indicate or imply that current or past results indicate future results or expectations. Where the opinions of third parties are offered, these may not necessarily reflect those of St. James's Place.
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