Mind on the Markets Quarterly: Navigating evolving macro trends

Mind on the Markets Quarterly: Navigating evolving macro trends

January 27, 2025

Investor Services

Tariffs, trade relations, rising debt, and evolving labor productivity - BBH is analyzing what’s ahead in 2025.

Deepening capital, improved labor quality, and total factor productivity have all attributed to the US’ recent productivity boom.
The UK business investment landscape is taking a more positive turn as the UK and EU intend to strengthen relations.
Despite the IMF’s call for greater fiscal consolidation, global markets are turning in the other direction with looser fiscal policy in the US, widening budget deficit in China, and slowing global growth in the EU.
The new administration in the US is expected to bring a new wave of tariffs, potentially exacerbating trade tensions, lowering investment, reducing market efficiencies, and disrupting supply chains.

MOTM Quarterly Q1 Publication 2025

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