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    Macro-economic review

    and credit market outlook

    Macro-economic review and credit market outlook

    18 March 2025 Video, Global macro

    April LaRusse, Head of Investment Specialists

    April LaRusse, Head of Investment Specialists, discusses:

    • Impact of tariffs on economic growth: Discussing the potential impact of tariffs on economic growth and their role as a negotiating tactic. Tariffs are set within a historical context, noting their use in the UK and US for raising revenue and protecting domestic producers.
    • Pros and cons of trade: Exploring the advantages and disadvantages of trade. Positive factors such as lifting people out of poverty, increasing global growth, allowing nations to specialise, are counterbalanced by negative factors such as income inequality, loss of self-sufficiency and social unrest.
    • Central bank policy and corporate fundamentals: Discussing the outlook for US and UK interest rates and covering corporate defaults and profit margins.
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