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Q1 2025 ends with significant uncertainty, marked by geopolitical volatility and unpredictable global trade relations, as the U.S. implements and pauses a range of new tariffs. Global GDP growth projections of 2.5% for 2025 are the weakest since 2009, with the largest forecast reductions for the United States, Canada, and Mexico.
The worldwide Purchasing Managers’ Index (PMI) recorded faster global output growth in March, but deteriorating business expectations suggest the improvement may be short-lived.
Moreover, the March data collection period was prior to additional US tariffs were announced. Upcoming PMI data for April (released in early May) will provide an insight into the impact of tariff uncertainty.
Download the May Market Report for more insights on navigating the complexities of the current global trade landscape.
Unit 1, Alpha Way, Thorpe Industrial Estate