• FMCC recently organized the “2025 Economic Outlook”.
• The event focused on the challenges and opportunities that the global economic landscape will bring to businesses in 2025.

Organized by the French Chamber of Commerce in Macau (FMCC), the “2025 Economic Outlook” was held on 20 March at Artyzen Grand Lapa. The event attracted professionals from different industries, focusing on the challenges and opportunities that the global economic landscape would bring to businesses in Macau and other regions in 2025.

With Carlos Casanova, Managing Director and Senior Economist for Asia of Union Bancaire Privée (UBP), as speaker and moderated by Jérémy Artan de Saint Martin, FMCC Executive Board Director and Treasurer, the event provided insights into the economic trends, risks and strategies for the coming year, providing valuable guidance to attendees.

In his speech, Casanova provided an in-depth analysis of the changing global economic landscape, particularly the impact of trade wars, tariffs and geopolitical risks on economic growth.

He pointed out that the index of global economic policy uncertainty remains at historically high levels, similar to those seen during the pandemic. The US tariff policy seeks to force open foreign markets, while China faces the twin challenges of declining exports and rising inflation.

Casanova said he expects China’s growth rate to slow to between 4.5% and 5% due to structural reforms and demographic issues and emphasized the importance of selective investment. He also analyzed the impact of tariffs on different countries and pointed out the potential beneficiaries and victims of trade wars.

In addition, Casanova discussed the valuation and growth prospects of Chinese technology companies relative to their US counterparts while monitoring China’s policy stance and the latest progress in the recovery of the real estate sector.

FMCC Chairman Rutger Verschuren said the event provided a platform for participants to gain insights into the economic outlook while networking and exchanging ideas with industry professionals. This knowledge is crucial for businesses in Macau, especially as the region seeks to diversify its economy.