The global economy is projected to recover gradually in 2025, but uncertainties will be still there. The return of Donald Trump as U.S. President, with his new trade policy, coupled with Vietnam’s domestic growth drivers, is expected to significantly influence the stock market. In this context, Vietnam’s market is forecast to get volatile while maintaining an overall upward trend. Global economic recovery with divergence According to a World Bank report released in June, global economic growth is expected to reach 2.6% in 2024, improving slightly to 2.7% in 2025. While these figures indicate recovery, they remain below pre-pandemic levels, with significant variations across regions due to differing challenges. The U.S., China, and India are anticipated to see better-than-expected growth in 2024, though their momentum may moderate in 2025. In contrast, the European Union and several developing economies, which experienced modest growth in 2024, are forecast to strengthen next year. Despite the declining trend in global inflation, the pace of reduction remains slower than anticipated. This forces central banks to temper the speed of interest rate cuts, limiting their ability to implement expansionary monetary policies. The Trump 2.0 administration introduces new uncertainties. His proposed extreme tariff and trade policies, including a […]