Annual Economic Outlook

2025 Annual Economic Outlook

A new horizon: The economic outlook in a new leadership and policy era

The spike in inflation that followed the pandemic led many central banks to tighten monetary policy significantly. However, inflation is returning to target, allowing those central banks to reverse course and ease policy. Meanwhile, the United States will have a new president and Congress starting in January. How will the world’s major economies respond to a new era of leadership and economic policy?