There are many ways to describe the outlook for the US and world economies. But at the midpoint of 2025, one word has risen to the top of the lexicon: uncertainty.
A lack of clarity over US trade policy — with rising tariffs at the center of the storm — has delivered a shock to the global economy. For the first time since 2022, US GDP in the first quarter declined. Some companies stopped issuing forward guidance. Capital expenditures have been delayed. Cargo volumes have plummeted at major ports. Hiring has slowed.
Read more >
This material is a marketing communication
Past results are not a guarantee of future results. The information included on this page is neither an offer nor a solicitation to buy or sell any securities or to provide any investment service. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. The American Funds are not registered for sale outside of the United States.
While Capital Group uses reasonable efforts to obtain information from third-party sources which it believes to be reliable, Capital Group makes no representation or warranty as to the accuracy, reliability or completeness of the information.
The information included in this page is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.
The information included in this page has been produced by Capital International Management Company Sàrl (“CIMC”), which is regulated by the Commission de Surveillance du Secteur Financier (“CSSF” –Regulator of the Luxembourg financial industry) and its affiliates, as appropriate (“Capital Group”).
