In a sentimental mood_2025 Global Economic Outlook

J P M O R G A N Global Economic Research 19 November 2024 Correction (first published 18 November 2024) (See disclosures for details) In a sentimental mood 2025 Global Economic Outlook • The global expansion remained resilient this year with elevated inflation limiting central banks' room to ease. These developments aligned with our forecast, but GDP growth proved stronger and more divergent than expected. • Robust US outperformance and global manufacturing weakness (outside tech) was a surprise. The contra ...