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What could go wrong or right in 2025?

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THE Christmas message from the evangelist Luke, 'Peace on earth, goodwill toward all men,' has remained elusive. This is the top concern for the new year as the world reels from widespread polarization, conflict and violence.

The Middle East, Ukraine and even the Philippines' backyard in the Indo-Pacific are flash points. Aside from human suffering that wars and conflicts inflict, geopolitical and economic instability threaten food and other supply chains, which affect interest rates and push inflation.