Reports
5 December 2024

ING Global Outlook: ‘Economics, Actually, our 2025 hit list’

A new US president, a threatened trade war, political turmoil in Europe’s powerhouses… 2025 is shaping up to be another extraordinary year. So, how is all that going to shape global economies and markets? And why might we be pleasantly surprised? 

Download our full Outlook report below

Executive summary

Your complete guide to what 2025 may hold for the global economy. 

ING's economists and strategists look at where we are right now and what could go right - and wrong - in 2025.

With a new US president and inflation not convincingly beaten, how will central banks respond? If more tariffs and a trade war are around the corner, what will that mean for trade? 

We make three calls for various economies and markets: what's likely to happen, what could well happen, and what we're calling our 'bold call', which would be unlikely but still perfectly feasible. 

Enjoy 'Economics, actually': our 2025 hit list.  

Content Disclaimer
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more