Care PMS - Fund Managers Speak - December 2025

Market Overview – December 2025

Global Economy Global growth remains resilient, with the IMF projecting expansion of 3.3% in 2026 and 3.2% in 2027, broadly in line with the estimated 3.3% growth in 2025. The forecast includes a modest upward revision for 2026 compared with the October 2025 outlook, driven by stronger-than-expected momentum in the U.S and sustained robust growth…

Care PMS - Fund Managers Speak - September 2025

Market Overview – September 2025

Global Economy Global growth remains relatively resilient, with IMF raising its 2025 world growth forecast to 3.2% (from 3.0%) in its October outlook. However, the IMF attributes much of this momentum to temporary factors like front loaded trade and investment activity rather than enduring structural strength. The Fed cut rates by 25bp to 3.75-4.00% in its October meeting, a…

Market Overview – June 2025

Global Economy Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth. The global growth is projected to slow from 3.3% in 2024 to 2.9% in both 2025 and 2026 mainly led by USA where the GDP growth is…

Market Overview – March 2025

Global Economy Global Growth – Sluggish: IMF has cut global growth outlook by an enormous 50 bps for 2025 to 2.8% in its latest April outlook, from 3.3% in its Jan outlook. The main reason for downgrade is high level of trade and policy uncertainty due to tariff flip-flop by Trump. Growth of US is expected…

Market Overview – December 2024

Global Economy Despite rising protectionism and the sluggish growth outlook for Euro-zone and China, global growth remained resilient at around 3.2% for Calendar Year 2024. For the 2nd year running, the US economy surprised on the upside whereas hopes of a recovery were partially dashed in Europe and China. The American consumer remains the main…

Market Overview – September 2024

Global Economy and Stock Markets Global economy is expected to grow at 3.2% in both 2024 and 2025. The short-term outlook for the global economy is stabilizing but many vulnerabilities remain. The reason for cautious optimism is easing of inflation and evidence of resilience of global commerce. Headline inflation in the G20 is projected to…

Market Overview – June 2024

Global Economy and Stock Markets The global economy is set for modest growth over the next two years amid cooling activity in the U.S., a bottoming-out in Europe and stronger consumption and exports for China. The IMF kept its 2024 global real gross domestic product growth forecast unchanged from April at 3.2% and raised its…

Market Overview – March 2024

Global Economy and Stock Markets Global growth is projected at 3.1% in 2024 and 3.2% in 2025. The forecast for 2024–25 is, however, below the historical (2000–2019) average of 3.8%, with elevated central bank policy rates to fight inflation, a withdrawal of fiscal support amid high debt weighing on economic activity and low underlying productivity…

Market Overview – December 2023

Global Economy and Stock Markets Global growth is projected at 3.1 percent in 2024 and 3.2 percent in 2025. The forecast for 2024–25 is, however, below the historical (2000–2019) average of 3.8 percent, with elevated central bank policy rates to fight inflation, a withdrawal of fiscal support amid high debt weighing on economic activity, and…