The Financial Times' annual predictions feature delves into potential global conflicts, economic trends, and technological advancements. This year's predictions include scenarios on the Ukraine war, Middle East tensions, and the impact of US tariffs. Readers are invited to submit their own predictions for 2025, including whether Donald Trump will initiate a full-scale tariff war.
A recent feature of the FT’s annual predictions has been that what was once seen as a light-hearted exercise has increasingly had to grapple with issues of war and peace. This year our writers offer predictions on conflicts in Ukraine, the Middle East, Sudan — and another kind of war, of tariffs. Readers may disagree, but the scenarios aim to be plausible.
Investors are on high alert for any sign that Trump’s relaxed stance on borrowing and urge to cut taxes, in an era when debt levels are already high, could lead to a “Liz Truss” moment in the US government bond market. It’s not impossible given the inflation likely to stem from tariffs and from immigration policy, but a disorderly loss of confidence in Treasuries would be so disastrous for US markets, including stocks, that the comeback president is unlikely to test investors’ nerves.
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