Infrastructure Quarterly: Q3 2025
This report was produced by CBRE IM, a member of IPFA.
A flurry of tariff announcements and policy ambiguity were initially expected to dampen economic growth, however recent developments in Q2 2025 have provided short-term relief. The conclusion of bilateral trade agreements between the U.S. and key trading partners and the signing into law of the One Big Beautiful Bill Act (OBBBA) provided more clarity. However, the macroeconomic backdrop is still unsettled and infrastructure investors grapple with the following questions:
- Is it time to rotate from the U.S. to European infrastructure?
- What is the impact of shifting policies and geopolitical turmoil on infrastructure?
- What uncertainties could impact the adoption trajectory of artificial intelligence?
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