Asset Management: Monthly Macro Insights - May 2025

Economic activity remained relatively resilient in early 2025, although this stability was supported by temporary factors. In fact, global growth projections have been revised markedly down in recent weeks, reflecting tariff rates at levels not seen in a century and a highly unpredictable environment, while inflation risks have increased.

Read the Monthly Macro Insights - May 2025

by Marc-Antoine Collard, Chief Economist and Head of Economic Research

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