Flash Notes

24 de Março de 2025
Monthly Report | Economic and Financial Market Outlook | March 2025

Times are changing


The disruptive potential of ongoing changes in the geopolitical and commercial order exceeds the forecasting capacity of economic models and makes decision-making difficult for economic agents. The world was simpler for economists and markets when inflation, central bank movements or budgetary variables were the catalysts for investment, consumption and savings decisions. Now that geopolitics and trade policies are taking centre stage, the difficulty of internalising, quantifying and translating daily developments in both spheres into economic and financial scenarios increases exponentially.