Natixis – Outlook 2025: Between Normalisation and (geo)political Risks

The main theme of the report concerns economic and political forecasts for 2025, including normalization after crisis periods and geopolitical risks.

Key issues include the impact of US tariff policy, possible divergence of Eurozone and US economies, China's response to the trade war, the political situation in Europe, elections in various countries, peace in Ukraine and the Middle East, as well as issues related to energy transition and climate change. Prospects for financial markets, including stocks, currencies, cryptocurrencies, and central bank rates, are also discussed.