The global shift from an economic model on endless growth, driven by low or even negative interest rates and prioritising efficiency and optimisation, to a more localised approach that values resilience, is paving the way for significant changes in our economies and investment strategies.
In Tikehau Capital’s CIO Outlook Report for 2025, we share a review of our insights for 2024, forecast trends for 2025 and beyond, and highlight the major investment opportunities these trends represent.
What to expect in this Outlook Report?
A look back at our Insights for 2024
Looking back on our previous edition, we had expressed our belief that this paradigm shift would have four main consequences that would shape 2024: Value creation founded on resilience at the expense of efficiency, misalignment of interests between central banks and governments, rising cost of both capital and liquidity, and structurally higher risk premiums. With the end of 2024 coming into view, we open this edition with a look back at these four points.
Outlook and themes for 2025 and beyond
After that, we discuss what we think will be the trends to watch in 2025, namely: increasing government intervention in economic affairs, the steep rise in investment spending worldwide, and the continuing deglobalisation towards a multipolar world, with the Indo-Pacific region emerging as the main growth driver. We also address a theme, that cannot escape anyone’s notice: artificial intelligence (AI) and its impact on our economies, with all the necessary caveats due to the uncertainties surrounding this technology.
Main investment opportunities
for 2025
Publication
CIO Outlook
Looking ahead to 2025