3 Jan 2025

Global Macro: Diverging trends for 2025 real GDP growth

🚨 US: While the US economy maintains relatively high growth, a slight deceleration is expected in 2025, influenced by factors like market adjustments and global economic shifts. 🚨 Europe: The Euro Area is set for continued growth, with projections pointing to a steady increase in GDP, particularly in France and Germany. 🚨 China and India: Both countries have been driving global growth, but their expansion is expected to slow down. China’s growth could be further affected by the potential impact of Trump's tariff increases, which may challenge the economy in 2025. Source: Genuine Impact, Goldman Sachs

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