The world faces a year of uncertainty going into 2025. Global growth is expected to plod along in the first half of 2025, with the second half influenced by developments in the US and China. The incoming Trump administration’s policies are expected to be inflationary and boost US short-term growth, but protectionism and tariffs may weigh on the global economy. China’s further stimulus measures will be closely watched. The US Fed’s rate cut cycle may be tempered by a cloudier inflation picture with the Fed’s terminal rate potentially higher than initially expected.

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Eastspring Investments

Founded in 1994, Eastspring Investments is a wholly-owned subsidiary of Prudential plc. Eastspring Investments (Singapore) Limited serves as a global hub for Eastspring Investments’ asset management business. Its deep understanding of Asian markets, paired with global perspectives, enables the firm to develop and deliver unique investment solutions for investors.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.