Robeco – 2025 Outlook: This is Not a Landing, Nov 2024

Robeco's "2025 Outlook: This is Not a Landing" provides a comprehensive analysis of the anticipated global economic landscape for 2025, emphasizing the absence of a definitive economic 'landing' scenario. The report suggests that while the peak challenges of the global tightening cycle have passed, uncertainty persists regarding the return to economic normalcy. It highlights the potential for single-digit equity growth amid elevated real bond yields and an overvalued US dollar, whose safe-haven status is gradually diminishing. A significant focus is placed on transition investing, with expectations of rapid growth in decarbonization products as sustainability initiatives gain momentum. The report also underscores the increasing importance of nature action, following the success of the COP 16 biodiversity summit. Overall, Robeco's outlook presents a nuanced perspective on the interplay between economic factors and sustainability trends shaping the global economy in 2025.