Recession risks, inflation pressures, and trade tensions - how is the global economy shaping up in 2025? Investec’s Chief Economists, Phil Shaw (UK) and Annabel Bishop (SA), take stock of the latest trends in No Ordinary Wednesday. From global growth forecasts to the economic outlook for Europe and South Africa, they break down what lies ahead.

Podcast key moments:

00:00 – Introduction

01:02 - How will the evolution of US trade, defence, and foreign aid policies influencing the global macroeconomic outlook in the coming months?

02:21 - What are the key factors influencing your global economic growth projections?

03:53 - GDP growth in South Africa for 2025 is likely to fall below 1.5%, what’s contributing to this downward revision?

05:41 - What will be the implications of slower growth on business confidence in South Africa?

06:33 – Was there anything in South Africa's Budget Speech 2025 that could turn the economic tide?

07:56 - What factors are you watching that would determine the growth path of the US in the coming months? Is a recession looming?

09:47 - What are some of the main headwinds currently affecting economic growth in Europe?

11:17 - What changes might we see due to new leadership changes in the EU?

12:49 - Do you see any challenges for European nations given their current fiscal positions?

14:28 – What stimulatory measures should the South African government be looking at to accelerate growth?

16:36 - What are those emerging economies contending with when it comes to economic growth? And how does that impact the global economy?

19:36 - What factors are you watching that could derail global growth?

20:49 - How has the fragmentation of the global economy influenced South Africa's trade relationships and economic strategy?

Read more on www.investec.com/now

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA