Mastercard (MA) Economics Institute shares its top spending themes to watch in 2025. The institute's chief economist, Michelle Meyer, joins Brad Smith on Wealth to break down these themes.
Meyer projects several key global economic trends for 2025, including a 3.2% expansion in the global economy and continued US market outperformance. She highlights India as a standout market, while also noting the GCC region's promising long-term growth potential.
Addressing the travel sector, Meyer identifies a clear, pent-up demand but emphasizes that "affordability" and "convenience" remain primary consumer priorities. She introduces the concept of "travel twins," or lesser-known destinations gaining popularity as budget-conscious consumers become more "mindful of their spending" when seeking travel alternatives.
Overall, when it comes to consumer spending on value versus big-ticket items, she predicts a "more balanced basket" in 2025. However, she still expects consumer spending on experiences to lead the way.
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This post was written by Angel Smith