The Year Ahead 2025
Even If the Wars End, the World Will Pay
A bad peace would compound the already high cost of deterring future aggression.
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The election of Donald Trump could make 2025 a pivotal year for the wars in Gaza and Ukraine, given that the president-to-be of the world’s leading superpower has pledged to put an end to both.
Even if he succeeds, though, the economic consequences of these conflicts will be long-lasting, and his dealmaking won’t necessarily make them better.