BlackRock – Global Outlook Q2 2025 Update, Apr 2025

The report focuses on the accelerated transformation of the global economy driven by several 'mega forces' such as geopolitical fragmentation and the future of finance.

The transition to a low-carbon economy will lead to significant capital redistribution, driven by policy, technology, and consumer and investor preferences. Geopolitical fragmentation is causing countries to prioritize national security and resilience, accelerating the restructuring of supply chains. Digital technologies and artificial intelligence can automate labor-intensive tasks and analyze large volumes of data. Changes in financial architecture and technological innovations are altering deposit and credit markets. Demographic differences, such as aging populations in major economies, may limit economic growth, while some emerging markets may benefit from younger populations.