Macroeconomic trends and risks – January 2025

Please fill out the form
to download the file

Our Chief Economist, Antonio Madera, shares his insights in the January 2025 Macro Bulletin, analyzing key economic trends and forecasts for the year ahead.

• Geopolitical risks: Trump’s second term introduces trade and migration uncertainties; AI investments escalate the U.S.-China tech rivalry.

• Global conflicts: The Israel-Hamas ceasefire offers temporary relief; Ukraine faces escalating hostilities but the end of the war may not be far off.

• Commodities & Inflation: Rising energy, food, and metals prices pose inflation risks; gas supply constraints and oil price volatility persist.

• Monetary policy: The Fed pauses rate cuts amid inflationary pressures; the ECB and BoE continue easing cycles.

• Economic growth: Spain and Portugal outperform while France and Germany struggle with contraction.

Promoting informed & responsible decision-making for a more sustainable finance and economy

nick-perez-duvq92-VCZ4-unsplash
ESG Rating Agency

Helping investors to make informed and responsible decisions

Learn More
Sustainable company building surrounded with trees, in a city 81603
Credit Rating Agency

Helping companies to ensure transparency and facilitate their access to finance

Learn More
Get in Touch

Your information is used solely by EthiFinance to manage your request and/or complaints raised before it for which you are giving your explicit consent. Mandatory fields are marked with an asterisk; your request may not be addressed in the absence of such information. We inform you that you may exercise your rights of access, rectification, erasure, object, portability, restriction in processing and to be forgotten by contacting our Group DPO at the following address: dpo@ethifinance.com. For more information on the processing of your personal data by EthiFinance, please refer to our privacy policy available on our website at the following address: Privacy Policy