Global Risk Report Series

PGIM brings the perspective of navigating over 30 market cycles, backed by a disciplined, data-driven approach to risk management.* We partner with clients to identify and mitigate both systematic and idiosyncratic risks—helping them manage volatility and build resilient portfolios.

Each year, PGIM publishes the Global Risk Report, offering timely insights on emerging risks and investment themes that matter most to institutional investors.

2025 Risk Report

Blind Spots: 
High Tides of Ambition and Undertows of Risk

In a fast-changing world, typified by heightened economic and technological competition between great powers, underappreciated risks could upend the investment outlook. In PGIM’s fourth-annual Global Risk Report, we examine three risks that could alter the trajectory for interest rates, inflation, business investment, and the broader investment backdrop.

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*30 market cycles represent PFI’s asset management expertise through PGIM and its affiliates and its predecessors. For additional information related to market cycles visit: www.nber.org

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