December 06, 2024
Tracing our history to 1928, Wellington Management is one of the largest independent investment management firms in the world. We serve as a trusted adviser for institutions in more than 60 countries.
The year of uncertainty: 5 macro themes to watch in 2025
In our view, the macro environment in 2025 will be defined by uncertainty — centred on the scale and impact of US tariffs and how Europe and China react to them. We don’t expect the macroeconomic path to be linear and markets will likely continue to oscillate between different macro narratives as the range of potential outcomes remains very wide and dependent on the speed, size, scope and likelihood of tariffs. To date, all of these remain unknown, but within this context, there are some major developments and risks at play that we have greater certainty about.
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