The outlook, fronted by StashAway’s chief investment officer Stephanie Leung, notes “two key trends” that will materialise in 2025 and drive asset class returns for years to come: an increased focus on fiscal policy, and ongoing advancements in AI.
The year has been good for risk assets; global equities are up 21% for the year to mid-December, and the S&P 500 has gained more than 28%. Gold, too, performed strongly in 2024, though bond returns were negative.
Despite macro uncertainties, factors such as ample liquidity, developments in artificial intelligence (AI) and a strong US consumer have allowed the global economy to remain resilient and supported markets, says digital wealth management firm StashAway in its 2025 macro outlook, released Dec 23.
