January commentary 2025
An unexpected contraction in retail sales dampened UK growth expectations in January, while Eurozone GDP stagnated as political instability and rising unemployment hit France and Germany. In the US, President Donald Trump fulfilled his promise to withdraw from the Paris Agreement and his executive order encourages domestic energy exploration and the elimination of the electric vehicle mandate. Meanwhile, the EU looks to boost its global tech and clean energy position with a new strategic business initiative.
5 mins