FT writers' predictions for world in 2024

The editors of The Financial Times have made their predictions for 2024, Report informs.

The publication predicts that Donald Trump will not become the president of the United States, and Ursula von der Leyen, on the contrary, will be re-elected as the head of the European Commission, Elon Musk's social network X will go bankrupt, the West will continue to finance Ukraine, and the war between Israel and Hamas will not turn into a large-scale regional conflict.

According to FT writers, Trump will be criminally convicted in at least one of his four trials, probably two, before the election, and will present it as political persecution by the “Biden crime family”. Though visibly ageing, Biden will squeak through, more because a narrow majority will be rejecting Trump than endorsing a Biden second term.

Neither Washington nor Tehran wants a broader regional conflict, even if fighting between Hizbollah and Israel intensifies, but the situation is alarmingly volatile, according to the publication.

Besides, Elon Musk frequently uses warnings of bankruptcy to motivate; he did it at Tesla and SpaceX. But this time, with X’s advertising tanking and attempts to create new sources of revenue falling flat, there’s a good chance it will happen.