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Economic and Capital Markets Outlook Q2 2025

Punitive U.S. tariffs destabilized markets in the first quarter. The prospect of retaliatory measures and further escalation amid U.S. plans for reciprocal, regional, and product-specific levies has led to widespread fears that tariff and trade policy uncertainty could soon tip the global economy into a downturn.

Global Investment Management

Founded in 1987, Letko, Brosseau & Associates Inc. is an independent investment manager with offices in Montreal, Toronto and Calgary. The firm manages funds for both institutional investors and private clients.

Our aim is to safeguard and responsibly grow the assets that our clients have entrusted to us. We are committed to acting ethically, always serving clients’ interests.

About Letko Brosseau

Our Perspective

Emerging Markets: Long-Term Structural Opportunity

In this featured segment from our Emerging Markets webinar held in March, LetkoBrosseau Portfolio Manager Yongai Xu discusses the economic indicators and structural drivers that support the fundamentals of emerging markets. […]

Emerging Markets Valuation Gap: What Could Drive Convergence?

In this featured segment from our Emerging Markets webinar held in March, LetkoBrosseau Portfolio Manager Rohit Khuller explores the valuation gap between emerging and developed markets and discusses potential catalysts that could help narrow this gap over time. […]

Economic and Capital Markets Outlook – Q3 2025

Breakthroughs in trade talks between the U.S. and its major trading partners buoyed financial markets in the second quarter. […]