Moody's 2025 Outlooks: credit insights for the year ahead

Growth in major economies is normalizing and interest rates are falling. However, key issues like geopolitical tensions, transformational technologies, and global transitions make disruption likely in the coming year.

Where are the markets headed in 2025?

Join Moody's 2025 Outlooks campaign and learn more about what's in store for market participants in the year ahead with quick and easy access to all our forward-looking insights at www.moodys.com/outlooks.

For your convenience, we’ve listed our top global outlooks below. Arm yourself with our data-driven analysis to better identify opportunities and mitigate risk – and remember, we’re constantly updating our outlooks page, so bookmark it and visit often to make sure you always get the latest in global, sector and regional forecasts for 2025. 

Start your deep dive with our top global outlooks:

Global credit conditions

Steady economic growth and lower interest rates will benefit cash flows and credit, but military conflicts, US policy changes, carbon transition and new technologies will cause disruptions.

» Read the global credit conditions outlook

Global macro

Monetary policy easing and supportive commodities prices will underpin G-20 economies amid the potential growth-inhibiting effects of rising trade protectionism and festering geopolitical conflict.

» Read the global macro outlook

Global sovereigns

We expect growth and financing conditions will settle in 2025. But geopolitical and social risks and rigid budgets mean governments could struggle to raise living standards.

» Read the global sovereigns outlook

Global emerging markets

Emerging market credit conditions will continue to stabilize with GDP growth, slowing inflation and monetary easing. But the potential for disruptive changes to US trade and foreign policies poses a key risk

» Read the global emerging markets outlook

Global corporates

Across these diverse landscapes, the interplay of economic policies, consumer behavior, and geopolitical dynamics shapes a cautiously stable outlook for corporations in 2025.

» Read the overview

             » Read the North America corporates outlook

             » Read the EMEA corporates outlook

             » Read the LatAm and Caribbean corporates outlook

             » Read the APAC ex China corporates outlook

             » Read the China coporates outlook

Global leveraged finance and CLOs

Leveraged buyout (LBO) competition between broadly syndicated and direct lenders will continue, as interest rates ease, defaults fall, and refinancing for collateralized loan obligations persist.

» Read the overview

            » Read the global leveraged finance outlook

            » Read the global CLOs outlook

Digital economy

Regulated financial institutions will need to quantify and manage risks associated with blockchain-based platforms.

» Read the digital economy outlook

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