Q1 2025 Economic Update: Policy Shock Reshapes Market Outlook

The first quarter of 2025 offered a striking reminder of how quickly markets can pivot. Early signs of continued recovery from late 2024 were overtaken by sweeping new trade measures that disrupted supply chains, triggered market volatility, and reshaped investor sentiment. The introduction of broad-based import tariffs, announced on April 2 and dubbed “Liberation Day,” […]

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