New economic outlook: Inflation, tariffs, and key market changes
Inflation, tariffs, and leadership changes have shaped the global economic agenda in recent weeks.
Policy shifts, inflation, and trade regulations remain in the market spotlight.
Week of March 10–14
Markets continue to monitor changes in economic policy, inflation, and trade restrictions across various countries. Here are the key events:
- United States | President Trump stated that the country is undergoing an “economic transition” aimed at building a strong economy. Additionally, 25% tariffs on steel and aluminum imports took effect. Inflation showed signs of slowing, with a 0.2% monthly increase in February, bringing the annual rate to 2.8%.
- Europe | The European Union announced retaliatory tariffs on U.S. products totaling $28.3 billion, set to take effect in April. Meanwhile, Ukraine agreed to a 30-day ceasefire brokered by the U.S.
- Japan | Q4 2024 GDP was revised downward, showing annualized growth of 2.2%, lower than the initial 2.8% estimate.
- China | Consumer inflation fell by 0.7% in February, turning negative for the first time in over a year, reflecting deflationary pressures.
- Brazil | The Minister of Planning warned that the government will need fiscal adjustments by 2027, creating a “window of opportunity” for short-term reforms.
- Mexico | Following the resignation of Rogelio Ramírez de la O, Edgar Amador Zamora was appointed as the new Finance Secretary, tasked with strengthening the economy and investment. Additionally, Moody’s downgraded the outlook for the Mexican banking sector from positive to negative due to the economic slowdown and trade tensions with the U.S.
Market volatility continues to shape financial trends. We will remain vigilant in monitoring these changes and their impact on investments.
Key Events in the Coming Weeks
- March 17: Retail sales data release in the U.S.
- March 19: Federal Reserve Monetary Policy announcement in the U.S.
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