New Year 2025 - change and uncertainty remain the themes

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As the calendar year of 2024 draws to a close, the time for rest, recreation and reflection on the past year and consideration of the year ahead is a time-honoured pastime. 2024 was a difficult year and does provide a partial events map of what may eventuate in 2025. A few critical influences to consider are listed below -

International relations: the Russian (Putin-initiated) unilateral war on Ukraine continues into another year with the exacting and tragic toll of civilian life unabated. The outcome is unknown as there are, like most major military conflicts, many variables whether political, technological (military)or social that will impact the course of the conflict. The war is one which does draw in multiple parties and cannot be defined only as regional conflict. The election of Donald J Trump as US President may affect the continuation of the war or it may not. 

The Middle East remains a hotbed of turmoil with the ongoing Israel-Palestinian (Hamas) conflict together with the action taken by Israel against Hezbollah in Lebanon being central. The wildcard change has been the fall of the Assad regime in Syria that has been replaced by a collection of groups that formed the opposition to his dictatorship. Syria at present is geographically divided into different zones under various groups. Whether a cohesive multi-religious state can emerge from this situation is pure guesswork but the odds are not in favour of this outcome. Yemen and the Houthi insurgency continues to add a smaller yet measurable level of Middle Eastern instability.

Politics: the returning US President, Donald J Trump takes office in January 2025. Given the experience of Trump politics in the first Trump presidency,  a fairly chaotic four years is the likely result. In the UK, the election of a Labour Government in July 2024 under Sir Keir Starmer has surprisingly led to a series of scandals in the first few months thus removing any sense of even a honeymoon period for the new leadership. In Europe, the Right of the political spectrum have gained much stronger positions in Holland, Italy, France, Austria and Germany reflecting considerable dissatisfaction with centrist or moderate left wing governments. There is no sign of this trend reversing in the next 12 months. Elsewhere totalitarian regimes continue in Russia, China and North Korea.

Economies: Economic instability and volatility will continue in 2025 with even more fluctuations as the Trump US Presidency gets underway and continuing conflicts in Eastern Europe and the Middle East . The real risk of either increased inflationary pressures or conversely stagflation cannot be underestimated. The slow-down in China exacerbated by the real estate/property development bubble then decline has proven to be difficult to counter and China's government has chosen the less effective policies to deal with it. 

Environment and Climate Change: irrespective of what government is in power or what conflicts are occuring, the climate will change due to the increase in termperature with carbon emissions continuing at a high level and the risk of the release of higher methane emissions in the Northern Hemisphere ever more likely. Ice sheets and glaciers continue to melt at a higher than projected rate and sea level rises are correspondingly continuing. The reality that the agreed limitation of temperature increase to 1.5C cannot be met has yet to be formally acknowledged although many climate scientists have published that conclusion. Any reduction in the efforts to reduce carbon emissions and/or not move to sustainable renewable energy generation would lead to a dismal outcome for the planet and the human race. Each and every year counts at this point in time.

2025 at this stage promises more of the same from this perspective. At a more positive level there are many more ongoing discoveries in science and health and hope for the future is not to be discounted.

Wherever you are living in the world, may 2025 be a healthy, happy and peaceful year.