I listened to a presentation by Steve Bell, chief European economist at CT (the fund manager formerly known as Columbia Threadneedle) earlier this week. His mandate was to summarise the main economic facts of 2024 and take some preliminary guesses at what might happen in 2025. I use the word ‘guesses’ because he will make another presentation next month when he will likely offer more evidence-based predictions.
Steve is a man of considerable experience (as we old guys like to describe being a boomer) and has a good track record on getting at least most of his short-term predictions right, which for an economist is indeed noteworthy!
There was a huge amount of data in his 45-minute talk and I will make a video to give you my take on the elements that amount to interpretation and speculation/prediction. Meanwhile, for those of my readers who like cold facts in writing, here are some highlights. Note that this was a review for North America, Europe and the UK, without any detailed focus on the Asia Pacific region.
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