In this episode, we unpack ING’s latest global economic outlook for May 2025. From trade tensions and geopolitical uncertainty to shifting central bank policies, we explore why global markets are stagnating despite early-year momentum. We dive into the impact of US tariffs, revised growth forecasts for key economies, and the evolving stance of central banks on interest rates. Plus, we look at falling oil prices and OPEC+’s new market strategy. A must-listen for anyone tracking the pulse of the global economy.