For Tong, the US economy has performed strongly this year, with GDP growth of 2.8% in the most recent quarter driven by robust consumer spending. However, the labour market experienced considerable volatility in 2024, which may impact inflation dynamics in the future.
In 2024, a record number of global elections took place, including Donald Trump’s return to the US presidency. New political leaders across the US and other economies will shape markets in 2025 and beyond with their perspectives and policies.
As the geopolitical landscape evolves, Franklin Templeton’s experts shared their insights on the investment outlook for 2025 at the 2025 Investment Outlook: Perspectives from Asia and Beyond media roundtable. The panel featured Yi Ping Liao, assistant portfolio manager at Franklin Templeton Emerging Markets Equity; Carol Lye, portfolio manager and senior research analyst at Brandywine Global; and Stephen Tong, senior client portfolio manager at Franklin Income Investors. Christy Tan, an investment strategist at Franklin Templeton Institute, moderated the discussion.
