361Firm Briefing 272 Outlook More Complicated, Iran Update, Emerging Markets Deep Dive June 24, 2025

The 361Firm Briefing on June 24, 2025, covered global economic and geopolitical updates, including the impact of the Iran situation on oil prices and the potential for regime change. Stephen Burke highlighted economic uncertainties, with global growth revisions down to 2.3% and the Fed's dual mandate challenges. John Price discussed Latin America's robust growth, driven by favorable demographics and economic reforms, predicting 2.1% growth this year. Tim McCarthy emphasized Eurasia's recovery potential, noting a 7.6 PE ratio and 3% average growth. Yuyo Angoma-Mzini highlighted Africa's tech-driven solutions and the recovery from the funding winter, with $1 billion in VC funding reached by mid-May 2025. The meeting discussed economic and investment opportunities in Africa, India, and Saudi Arabia. Yuyo Angoma-Mzini highlighted currency challenges and technology adoption in Africa, noting a 7.4% Q4 GDP growth in India, and 6.5% projected for the current year. Serene from Dovetail detailed India's $3.3 trillion asset under custody, with $370 billion from the US, and a 6.5% inflation rate. Areej from Saudi emphasized the country's rapid development and investment from global firms, including BlackRock. The discussion also covered the impact of the Mexican judicial election on economic development and the creation of breakout rooms for further discussions.