Cepremap – Macroeconomic Outlook, Feb 2025

The report by Cepremap "Macroeconomic Outlook, Feb 2025" analyzes global economic trends and monetary policies. This report provides an overview of macroeconomic conditions, focusing on inflation, monetary policy adjustments, and market trends. It highlights recent monetary policy loosening by the ECB and the Fed following a significant tightening due to inflationary pressures. The report discusses the current state of inflation, noting headline inflation at 2.4% in Europe and slightly below 3% in the US, with core inflation remaining elevated. It also addresses geopolitical tensions affecting transportation costs and examines GDP growth disparities between the US and Europe, with projections of 2.4% growth for the US and 1.3% for the Euro Area in 2025. Additionally, the report notes changes in sovereign yields and the impact of US elections on financial markets.