Deutsche Bank – Perspectives: Economic and Asset Class Outlook, Jun 2025

The main theme of the report concerns the economic forecast and outlook for various asset classes for June 2025.

Key findings include: Economic dynamics in Europe are improving despite challenges faced by the US economy. Growth rates in Europe and the US are expected to converge despite uncertainty in US trade policy. Major stock indices have recovered from losses caused by the introduction of US 'reciprocal tariffs'. Further growth is forecasted in stock markets in the US, Europe, Japan, and emerging markets in the mid-single-digit percentage range, but with high volatility. Investors are advised to reconsider their portfolio compositions in light of changing economic conditions.