Election spotlight turns to Europe and Canada in 2025

THIS year may have been the biggest 12 months for elections in living memory with billions of people going to the polls. However, 2025 will also be a corker too, with ballots shaping economic and politics into the 2030s, especially several pivotal ones in the G7.

Little wonder that markets are already looking ahead to these eye-catching events. Perhaps the key question is whether, in the G7 and beyond, 2025 will be another year in which incumbents face the wrath of the electorate. The balance of evidence indicates that this may be “yes”.

Regardless of time and place, voters tended to disrupt the status quo in the last 12 months, including in the United States and the United Kingdom, which saw the challenger Republican and Labour parties, respectively, win power. Meanwhile, established parties in Japan, plus also India and South Africa in the Brics club, saw their electoral mandates slashed.