Monaco Economic Board Conference Discusses Global Economic Turbulence in 2025

At a recent conference organized by the Monaco Economic Board in partnership with Gramaglia and Banque Populaire Méditerranée, Jean-Christophe Café, Chief Economist at Coface, outlined the expected economic landscape for 2025. Amidst a backdrop of geopolitical tensions and fluctuating trade policies, global economic growth is projected to stabilize at approximately 2.7%, just below its optimal range of 3-3.2%. Café highlighted the persistence of major uncertainties, particularly the impact of the new US administration's foreign and economic policies.

In Europe, the ongoing energy crisis poses significant challenges for businesses and households, necessitating strategic adjustments to mitigate potential risks. Café advised companies to evaluate their market exposure carefully, diversify their supply chains, and enhance their credit risk protections. He underscored the importance of adaptability and agility, recommending a focus on short-cycle activities to swiftly respond to market changes and advocating for investment in risk insurance, especially for those expanding into politically, socially, or financially unstable regions.

Looking ahead to 2025, the global economic environment appears to be at a pivotal junction, teetering between resilience and vulnerability. Café stressed that the ability to adapt and engage in proactive planning will be crucial for businesses and financial markets aiming to navigate the uncertain waters effectively. As the economic terrain continues to evolve, Monaco's businesses are encouraged to remain vigilant and flexible to maintain stability and capitalize on potential opportunities.