In our latest Year Ahead issue, we not only discuss our most attractive tactical investment recommendations for 2025, but we also take a close look at the major trends that will shape the second half of this decade. We have identified five topics in this regard. These “Five Ds” include: debt, deglobalization, demographics, decarbonization, and digitalization.
With regard to the longer-term macroeconomic effects, steadily rising global debt is a particular cause for concern. The same applies to the ongoing deglobalization trend due to trade conflicts, and the high burden on social systems due to the aging of many societies (demographics). But these challenges can be offset or even compensated for all the better if the groundbreaking technological upheavals in the field of digitalization—the keyword being artificial intelligence—as well as the decarbonization or electrification of…
