In Brief: Mid-Year Outlook for 2025
Sign up to subscribe to the latest insights from KKR
Please enter your business email.
Please enter a valid email address.
Please enter a professional email address.
The first half of 2025 has reminded investors that capital markets can ascend, even when geopolitics unsettle, tariffs cause uncertainty, and macro data send mixed signals. The resilience we are describing is no accident; it is a by-product of a potentially underappreciated global easing cycle that is still gaining traction, a technical backdrop starving of net supply, and a corporate sector whose balance sheets never embraced the leverage of prior cycles. There are also some higher growth, compelling macro investment themes that have kept growth moving along better than market bears have forecasted. Yet, sentiment has generally remained quite poor and therein lies the opportunity, we believe. Our message for the balance of the year is not one of complacency. Rather, it is discipline.
Acknowledgements
David McNellis, Aidan Corcoran, Changchun Hua, Kristopher Novell, Paula Campbell Roberts, Brian Leung, Rebecca Ramsey, Tony Buckley, Richard Bullock, Bola Okunade, Rachel Li, Thibaud Monmirel, Yifan Zhao, Ezra Max, Miguel Montoya, Asim Ali, Patrycja Koszykowska, Coco Qu, Koontze Jang, Allen Liu, Wayne Shen, Alexandre Caduc, Ernesto Vargas, and Adam Savageau
