2024 was the year the world finally managed to get a grip on record inflation but if this was supposed to be good news someone forgot to tell voters in elections across the globe they punished incumbents for the economic reality they were feeling a merciless cost of living crisis and for many things might get tougher in 2025 the World Bank says the poorest countries on the planet are in their worst economic state for two decades in the world’s richer economies many voters feel their living standards and Prospects are in Decline it’s still anyone’s guess whether incoming president Donald Trump will push ahead with 10 to 20% tariffs on All Imports 60% for Chinese Goods that could trigger a trade War conflicts in Ukraine and the Middle East can affect the cost of energy which fuels the world’s economy for now policy makers and financial markets are banking on being able to ride all this out but as the international monetary fund signaled brace for uncertain times