While the global growth backdrop is somewhat cloudy, the risk of global trade seizing up and causing widespread recession appears greatly diminished, according to Loomis, Sayles & Company’s Global Macro Strategist, Credit, Craig Burelle. That said, an elevated effective tariff rate, around 15%, seems likely. Key macroeconomic drivers, along with sector outlooks, are analyzed.
July 09, 2025
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10 min