News and insights

Global thought leadership

We believe global equities may continue to rise in the new year, and we expect new opportunities to be unlocked as market leadership evolves.

Get an analysis of important drivers of global fixed income markets, including macroeconomic trends, interest rates, currencies, and credit, in our monthly global strategy report.

The past week was rich in political and policy events, with implications for markets and currencies.

Using the intersection between population, GDP per capita and life-cycle savings behavior, we examine the likely path of savings for more than 160 countries over the next 50 years.

Get an analysis of important drivers of global fixed income markets, including macroeconomic trends, interest rates, currencies, and credit, in our monthly global strategy report.

Falling fertility rates suggest less population growth, which could bring lower GDP expansion and less inflation. Africa appears relatively well placed; Europe, Asia and South America less so.

Global non-financial sector debt-to-GDP has risen significantly from 1952 to 2022, with the public sector contributing the most to recent increases, especially around 2020.

Get an analysis of important drivers of global fixed income markets, including macroeconomic trends, interest rates, currencies, and credit, in our monthly global strategy report.

The start of 2025 has been a roller coaster for markets as investors reassess and reset expectations and beliefs about the global order. We expect more twists and turns to come. Hold on tight, the ride is far from over.

The US-UK trade deal gives hope that the full pain of the “Liberation Day” tariffs can be avoided. But tariffs are likely to remain higher than at the start of the year, which may be bad news for US stocks.

Get an analysis of important drivers of global fixed income markets, including macroeconomic trends, interest rates, currencies, and credit, in our monthly global strategy report.

We expect growth to continue to slow in the near term, followed by a reacceleration through 2025, which should foster a favorable environment for risk assets globally.