What does 2025 hold for macro and markets?

12/09/24 • 24 min

The coming year is going to see more economic and geopolitical volatility for investors to navigate. Paul asks members of the abrdn economic research team to outline the big questions they are asking as we head into 2025 – including President-elect Trump’s policy choices, the prospect of ceasefires in Ukraine and the Middle East, and whether the UK Chancellor will be back with more tax increases.

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Will the bond vigilantes return?

We need to talk about debt. Global government debt is approaching 100% of global GDP. And the incoming Trump administration may be about to increase the large US fiscal deficit still further. Paul Diggle and Luke Bartholomew discuss whether the infamous bond vigilantes will return, pushing up government borrowing costs amid fears of debt sustainability.

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DOGE: more bark than bite?

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Macro Bytes - What does 2025 hold for macro and markets?

Transcript

Paul Diggle

Hello and welcome to Macro Bytes, the economics and politics podcast from abrdn, with me, Paul Diggle. In our final episode for 2024, capping off what has been a massive year in macro and markets, I've asked each member of the economic research team here at abrdn to outline the key theme or macro question that they're monitoring heading into the coming year. 2025 will once again provide plenty of economic and political challenges and opportunities for investors to navigate. S