Our view on
Economics & Markets
Macroeconomics and movements in financial markets impact many aspects of our lives. Having a well-informed view of what could transpire can help mitigate the risks we face and uncover profitable opportunities.
Our most recent publications
January 13, 2025
Weekly Macro & Markets View, Week 3
-
US nonfarm payrolls rise by
256’000 while the unemployment
rate ticks down to 4.1%
The robust labour market data further reduce investors’ rate cut expectations, but higher yields will weigh on the growth outlook. - Global government bond yields
snap higher, with the latest move
triggered by strong US economic
data
While volatility will remain high, a sharp further rise in yields is not anticipated given economic vulnerabilities, particularly outside of the US. - China’s ‘A’- and ‘H’-shares both
tumble more than 5% YTD while the
10yr government bond yield falls
below 1.6% before recovering
Investor pessimism is accelerating, which we think is somewhat overdone amid upcoming public support to kickstart the economy.
January 10, 2025
Monthly Investment Insights, January 2025
Key developments
- US government bond yields are creeping close to their 2024 high marked in April, with any major setbacks likely to be temporary amid President-elect Trump's policy outlook
- In China, investor sentiment remains depressed, though further monetary and fiscal policy support are in the offing
- In the Eurozone, France’s budget negotiations and German election campaigning will define regional markets in January
December 13, 2024
Inflation Focus - Q4
Key developments
- The US election outcome shifts the trajectory for global growth and inflation, with a more divergent outlook expected
- US inflation declines are set to slow amid stronger growth and more restrictive trade and immigration policies
- Downward inflation trajectories remain intact in most other regions, given weaker growth and easing labour markets
- Central banks are set to remain focused on inflation, with policy easing proceeding at a gradual pace
Explore our publications
Weekly Macro & Markets View
Weekly Macro & Markets View
Designed to give clear interpretation of the previous week’s macroeconomic and financial market developments. This publication represents how Zurich sees the financial landscape evolving on a week-by-week basis.
Monthly Investment Insights
Monthly Investment Insights
Structured to give a succinct view of the investment outlook and economic prospects for the coming months. Focus is on key developments from an investment perspective, with a tactical view presented on the major asset classes of equities, credit and government bonds.
Inflation Focus
Inflation Focus
A quarterly publication, conveying the most likely outlook for inflation over the subsequent 12-24 months. Global and regional views are provided, detailing the driving forces behind the outlook. Point forecasts are offered for the major coverage areas, with short-term moves and pressures also identified.
Topical Thoughts
Topical Thoughts
Investigative research on specific issues that affect the business environment, with expert thoughts and opinions provided on an ad hoc basis.
Economic and Market Outlook
Economic and Market Outlook
With a 12 months focus, this publication is designed as a reference document for multiple user groups. It is segmented by region and provides in-depth coverage of both economic and financial market fundamentals, as well as the underlying trends that are observed.
Mid-Year Outlook
Mid-Year Outlook
An update on the Economic & Market Outlook is provided, gauging developments and projecting how the months ahead are likely to unfold.
Videos and Podcasts
To compliment some publications, a series of short videos and, in the case of Topical Thoughts and the Economic and Market Outlook, more detailed podcasts are available.
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