Momentum’s 2025 market and economic outlook
If we agree that 2024 was the great election year as more than half of the world hosted elections, then an argument can be made that 2025 is the great policy year capturing the implications that newly appointed governments will have on the economic outlook in the medium term. To help us understand her take of how policy may unfold, CNBC Africa is joined by Sanisha Packirisamy, Chief Economist, Momentum.
Thu, 16 Jan 2025 15:23:37 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- 2024 saw a wave of political elections leading to the ousting of governments over failure to address critical issues like cost of living crisis
- Different regions face unique economic challenges in 2025, from growth expectations in the US to political uncertainties in Europe and China
- South Africa's government of national unity is expected to see some gains in 2025 but faces a crucial test in the upcoming local government elections in 2026
The year 2024 was marked by a wave of political elections around the world, resulting in a significant shift in power structures as many governments were ousted due to their failure to address critical issues such as the cost of living crisis and immigration policies. As we transition into 2025, the focus is now on the policy changes and priorities that newly appointed governments will bring to the table and how these will impact the global economic outlook. Sanisha Packirisamy, Chief Economist at Momentum, sheds light on the anticipated economic landscape for 2025 and the potential implications of these policy shifts. Packirisamy highlights the challenges faced by different regions, from the US to Europe and China, and provides insights into the economic prospects for each area. She also discusses South Africa's unique situation with the formation of a government of national unity (GNU) and the trust factors influencing its success. The road ahead to 2026 is lined with uncertainties, particularly as the country gears up for local government elections. Overall, 2025 is expected to be a year of recalibration and consolidation for many nations, setting the stage for future political and economic developments.
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