BlackRock – Global Outlook Q4 Update, Oct 2025
Summary
The main theme of the report concerns the global economic forecast for the fourth quarter of 2025.
Key takeaways include a successful strategy to stay in risk assets amid April's volatility when global stocks rebounded from tariff-induced slumps. Long-term government bonds in developed countries are under pressure due to fiscal issues, leading to yield increases in Japan, France, and the UK to multi-year highs.
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