Q2 2025

Market Outlooks

Resilient Growth Amid Dislocating Markets

Abstract Flowing Neon Wave Lines with Glowing Particles on Dark Background

The US economy faces heightened recession risks as tariff measures and softening consumer sentiment weigh on growth. At the same time, rapid shifts in trade, fiscal, and monetary policies are driving significant market disruptions. With inflation, interest rate expectations, and fiscal deficits in focus, managing risk amid this uncertainty is critical for maintaining portfolio resilience. For institutional investors, the key to navigating this challenging environment will be balancing defensive positioning with tactical allocations to emerging areas of value as policy trajectories become clearer.

To help investors look through this complexity, PGIM brings together the following perspectives from its affiliates examining the opportunities and risks that are emerging across asset classes.

PGIM Fixed Income

Amid macro risks, three themes warrant emphasis.

PGIM Multi-Asset Solutions

Investing amidst macro uncertainty & volatility.

PGIM Quantitative Solutions

Examining the market outlook amid policy uncertainty.

PGIM Real Estate

Underlying resilience reveals compelling areas of opportunity.

Jennison Associates

Views from Jennison’s growth and sector teams.

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    Watch Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds share highlights from PGIM Fixed Income's 2Q 2025 Outlook.

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     | April 18, 2025

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     | April 04, 2025

    PGIM Fixed Income's Second Quarter 2025 Market Outlook