President-elect Trump will only be inaugurated on Jan 20, 2025, but already his somewhat “controversial and unorthodox policy priorities” in terms of tackling inflation, immigration and the economy has both allies and non-allies anticipating the changes that will be on the cards in short order, says Ling.
While 2024 has been conducive to risk-taking, the new year could bring tougher headwinds with the start of US president-elect Donald Trump’s second term. Tariffs could be the proverbial tail that wags the dog in 2025, says Selena Ling, chief economist and head of global markets research and strategy at OCBC.
In her comments fronting the 159-page OCBC 1H2025 Global Outlook, Ling cites lyrics from American pop star Ariana Grande’s 2024 single “We Can't Be Friends (Wait for Your Love)” in describing the volatility that 2025 may bring: “We can’t be friends, but I’d like to just pretend.”
