Yes, global credit does indeed move in cycles.
Its trend moved higher in 2023-2024, but peaked in February 2025: EWI’s Head of Research Murray Gunn says the cycle “now looks to be turning over.”
See the long-term chart for yourself, and discover why the months ahead may well “throw up some bad news in the credit space.”
You can also get our forecasts for the credit markets and dozens more financial markets in the current issue of Global Market Perspective. Follow the link below.
