Macquarie Asset Management - Outlook 2025
The campaign underscores a 'new normal' in the global economy, where neutral interest rates are likely to remain elevated compared to the past decade, reflecting a shift in the economic landscape.
A notable aspect of the campaign is the projection that global growth will remain healthy, driven by the resilience of developed world consumers, with the classic 60/40 portfolio returning 18.2% in 2024 after delivering 13.3% in 2023.
- institutional investors
- Financial advisors
- Individual investors
- economic analysts
TARGET AUDIENCE
About the
Campaign -
The campaign underscores a 'new normal' in the global economy, where neutral interest rates are likely to remain elevated compared to the past decade, reflecting a shift in the economic landscape.
Core Theme of the Campaign -
1. Global Economic Outlook e� Macquarie anticipates robust global growth in 2025, driven by resilient consumer spending in developed economies.
2. Inflation Trends e� Headline inflation rates across developed countries are nearing 2%, allowing central banks to normalize monetary policies.
3. Interest Rate Environment e� A 'new normal' is emerging with neutral interest rates expected to remain higher than in the previous decade.
4. Real Estate Prospects e� Lower interest rates and strong economic growth are likely to benefit the real estate sector, potentially leading to enhanced returns.
5. Infrastructure Investments e� The infrastructure sector is positioned to balance defensiveness with growth, particularly in areas like data centers, amid declining interest rates and strong GDP growth.
6. Equity Market Dynamics e� Falling interest rates and robust GDP growth create a positive environment for global equity markets, though careful assessment is necessary due to past disconnects between market performance and economic fundamentals.
7. Debt and Credit Markets e� Central bank easing cycles are expected to support global debt and credit markets, with healthy returns anticipated by historical standards.
8. Geopolitical Considerations e� Investors should remain attentive to geopolitical developments and de-globalization trends, as these factors are likely to influence investment strategies over the next decade.