Ruchir Sharma: Top 10 Trends for 2025
Ruchir Sharma outlines 2025’s top trends, forecasting unexpected market outcomes driven by US political surprises, high deficits, and shifts from momentum to contrarian investing, while also highlighting opportunities in emerging and even overlooked markets.
Published on April 5, 2025
Ruchir Sharma has outlined his top 10 trends that could reshape the global landscape in 2025. He emphasizes the complex dynamics of a world increasingly influenced by US politics, noting that past surprises linked to presidential impacts could hint that a Trump 2.0 might defy investor expectations. Articles from the Financial Times (January 6, 2025), The Business Times (January 7, 2025), and The Financial Express (March 13, 2025) underline his analysis of market shifts influenced by political events.
Sharma forecasts a potential return to contrarian investing as traditional momentum strategies—prominent in 2024—may soon face downturns. He warns of risks tied to soaring US deficits and a market overstimulated by state support, which could dampen American exceptionalism. Meanwhile, emerging markets show promise, and even China, despite its current unappeal, might offer unique investment opportunities. He also highlights challenges such as AI investments straining Big Tech's core profitability, shifting global trade patterns, the rise of opaque private markets, and the overhyped potential of GLP-1 weight-loss drugs as a quick fix for obesity.