Capital Group Investment Outlook 2025
Capital Group's latest Outlook report offers actionable insights into global markets. Scroll to the end of the summary to download the full report.
2025 OUTLOOK
Economic outlook: Global growth dependent on a resilient U.S.
As inflation eases and central banks around the world cut interest rates, the outlook for the global economy remains decidedly mixed heading into the new year. Much like the past few years, the United States and India continue to lead the way, driving global economic activity, while weaker economies in Europe and China seek to stimulate growth.
EQUITY OPPORTUNITIES
Stock market outlook: AI leads a broadening market
The grip Big Tech has had on market returns shows signs of loosening, due in part to the vast build-out required to deliver on AI's promise. Market participation broadened beyond tech in 2024 as dividend payers, value stocks and non-U.S. companies generated strong gains.
FIXED INCOME OPPORTUNITIES
Bond outlook: Income opportunities widen
The era of TINA, or "there is no alternative" to stocks, may be over. Income opportunities from bonds could be the best in decades, and investors now have more options.
