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Welcome to the Global Investment View Q1

The Global Investment View distils the thinking of the Global Investment Strategy Group that brings together the insights of Investec Wealth & Investment’s professionals in the UK, South Africa and Switzerland. The Group meets quarterly to map out our outlook over the following 18 months, setting a risk budget and identifying some of the potential icebergs that lie in the global investor’s path.

Download the Global Investment View Q1 | 2025

US GDP growth has been resilient and earnings growth has been strong. The current consensus forecast is for double digit earnings growth in the US over the year ahead and GDP growth of around 2%.

Chris Holdsworth
Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International

The resilience of the market has been remarkable and with the Fed cutting rates, there is the prospect of a new cycle starting.

Executive view of the quarter

The GISG kept its global risk budget score at -1 on a scale of +3 to -3, while the SA risk score was maintained at 1.5 on a scale of -3 to +3.

Click here to download the Executive Summary Q1 2025.

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