Markets and Economy 2025 midyear investment outlook: The global reset
While policy and economic uncertainty are high, we are confident in our base case that non-US assets are increasingly attractive.
June 10, 2025
Multi Asset
2022 long-term capital market assumption
The 2022 Capital Markets Assumptions show the global economy outlook is shaping up to be a lot brighter. However, risks remain as pre-pandemic challenges begin to resurface.
- Our Global Market Strategist team anticipates an improving economic environment with moderate growth towards longer-term trend rates in 2022 as fiscal stimulus declines and the economy normalizes.
- Inflation will remain elevated in 2022, but higher inflation is good news for real assets like real estate, infrastructure and commodities which offer diversification benefits for asset owners.
- While the risk of a slowdown remains in 2022, we’ve maintained a higher risk posture relative to our benchmark. Despite hawkish monetary policy, our framework points toward an expansionary regime.
Read the latest edition
Explore the latest enhancements to our 2022 capital markets assumptions.
Related insights
Markets and Economy Despite trade policy uncertainty, US economy has been resilient
As tariffs were announced, rescinded, invalidated, and reinstated, the US financial markets and economy have shown remarkable resilience.
June 2, 2025
Markets and Economy ‘Big Beautiful Bill’ brings fiscal concerns
The proposed bill, deficit, debt ceiling, tariff threats, and rising bond yields, as well as the next move by the Federal Reserve, were top of mind.
May 27, 2025
