Market Outlooks 2025 Part III

Explore the latest thoughts on the coming year…

Here are some of the most recent outlook pieces on various key economies and asset classes from top asset managers and institutions from around the world.

2025 Outlook: This is Not a Landing (Robeco)

While the U.S., unlike Germany, has managed to evade a recession, its strong GDP growth numbers hide sizeable downward adjustments beneath the surface.

Opportunities and Watchpoints: A Deep Dive into Global Credit (Mawer IM)

An actively managed, absolute return credit strategy offers diversification, income, and potential capital appreciation while protecting against various risks.

2025 Investment Outlook: After the Landing (Invesco)

After a steep climb to restrictive rates to curtail rapidly rising prices, central banks have all but declared victory over inflation.

2025 AART Outlook White Paper (Fidelity Investments)

For compliance reasons, this paper is only accessible in the United States

It’s hard to consider the U.S. stock market inexpensive, which raises the question of how much of the potentially good news is already reflected in asset prices.

2025 Institutional Outlook: Wash. Rinse. Repeat. (Natixis IM)

For compliance reasons, this paper is NOT accessible in the United States and Canada

Institutional investors still see a wide range of economic threats for the year ahead, but their biggest concerns are geopolitical as U.S./China relations.

2025 Infrastructure Outlook: The Digital Power Problem (KKR)

For compliance reasons, this paper is only accessible in certain geographies

For infrastructure investors, two of our major themes: digitalization and the energy transition, are converging.

2025 Capital Market Assumptions (Verus Investments)

Along with more richly valued equity markets, credit spreads of risky credit moved in a tighter direction.

Euro Area Outlook 2025: Under Pressure (Goldman Sachs)

A change in government in Germany raises the prospect of a fiscal expansion, but there are many unknowns investors should consider.

Outlook 2025: Time to Deliver (Barclays Private Bank)

In such a difficult environment, investors should rely on clear frameworks to guide their investment decisions. It all starts from appropriate planning.

2025 Investment Management Outlook (Deloitte)

Firms likely face some of their biggest risks in areas such as digital transformation, technological advancements, and cybersecurity.