Economic and political prognosis for 2025: Trends and challenges
The Free Press Journal - Bhopal|December 24, 2024
Economic uncertainties, geopolitical conflicts, and domestic challenges dominate global and Indian scenarios in 2025
AJIT RANADE

We always begin the calendar year with a degree of optimism. To live with hope is in the very nature of human existence. No matter how tough the challenges in the year ahead, the optimists outnumber the pessimists. No amount of gloom or doom prospects purveyed by dismal economists can deter the optimists. Their confidence in the future is undiminished. In that spirit, here is a prognosis for the year 2025, full of tough challenges for the optimists to tackle and overcome.

The year ahead is full of uncertainty. Making an accurate prediction is foolish and sure to fail. The sources of global uncertainty are economic and geopolitical. In the latter category are many factors. These include the outcome of the endless war in Ukraine, the escalation of the Israel-Hamas conflict and its spillover into the wider region of West Asia, and the ascendance of far-right parties in many countries, most prominently in Germany. One of the largest economies in the world, the German government lost the vote of confidence in Parliament this month, leading to mid-term elections early next year. The German economy will contract for a second year in a row, even as it grapples with a rising deficit, the need for greater funding of overseas wars, a shortage of skills, and under-funded education. Then there is rising anti-immigrant sentiment fueled by far-right parties. Will Germany tilt closer to Russia or to NATO? How will it deal with Iran and its competitor China? Will its economy bounce back?

This story is from the December 24, 2024 edition of The Free Press Journal - Bhopal.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 24, 2024 edition of The Free Press Journal - Bhopal.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE FREE PRESS JOURNAL - BHOPALView All
The Free Press Journal - Bhopal

Bandh over Amit Shah statement

Protesters in Kalaburagi took to streets on Tuesday following a bandh call given by Dalit organisations to condemn the recent statement of Union Home Minister Amit Shah on B R Ambedkar in the Parliament.

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

Lines for cyber crimes not going through

The IT hub of India faces a strange kind of predicament.

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

BJP MLCS apologised to me over Ravi remark: Hebbalkar

Women and Child Development Minister Laxmi Hebbalkar on Monday claimed that BJP MLCs had apologized to her after fellow party lawmaker CT Ravi allegedly directed a slur against her on the floor of the House.

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

Cong to decide 2025 action plan, take up Ambedkar 'insult' issue in Belagavi

Ramesh said the Congress is marking the current week as the 'Ambedkar Samman Saptah'

time-read
2 mins  |
December 25, 2024
The Free Press Journal - Bhopal

Minister dares Ravi to take oath before God

Karnataka Minister Laxmi Hebbalkar, who has accused MLC C T Ravi of making derogatory remarks against her in the Legislative Council, on Tuesday challenged the BJP leader to come to Dharmasthala and take 'Pramaana' (oath) in the presence of the deity, to speak the truth.

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

Secret Santa is not religious: Cubbon Reads refutes claims

Using the word 'Santa' in a meet-up does not make it religious, organisers of 'Cubbon Reads' defend, as their 'Secret Santa Saturday', organised on December 21 at Cubbon Park ended with books being confiscated by park authorities.

time-read
2 mins  |
December 25, 2024
The Free Press Journal - Bhopal

CM releases logo for state-level Olympics

Chief Minister Siddaramaiah released the logo for the state-level Olympics at his home office Krishna in Bengaluru on Monday.

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

PMEGP special drive planned for January 2025

PMEGP provides opportunities to establish around 1,056 types of units

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

‘Jagan destroyed the state for five years’

Andhra Pradesh Mines, Geology, and Excise Minister Kollu Ravindra has asserted that the current coalition government is committed to the state's development, while participating in the groundbreaking ceremony for a new CC road in Bharati Nagar, Vijayawada.

time-read
1 min  |
December 25, 2024
The Free Press Journal - Bhopal

Complete Munneru retaining wall works on war footing, says Ministers

Minister for Revenue Ponguleti Srinivas Reddy and Minister for Irrigation Uttam Kumar Reddy have instructed officials to complete the construction of Munneru retaining wall works on a war footing, permanently freeing the people of Khammam town from the flood threat.

time-read
1 min  |
December 25, 2024