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Volatility abounds: What’s next for markets and economies in 2025?

Central banks are expected to lower cash rates gradually in 2025. With inflationary pressures moderating and economic challenges persisting, monetary authorities are expected to prioritise gradual rate cuts as we move through the remainder of 2025.This deliberate pace reflects a balance between stimulating economic growth and avoiding financial instability. For example,…
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The impact of rising US tariffs on global trade

 In April 2025, the United States triggered a steep and rapid escalation to its import tariffs; one that mirrors the magnitude of the 1920s, but which was delivered in a matter of months, rather than years. This policy shift, implemented in two phases, introduces considerable risk to the global economy…
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