As we enter the new year, here are a few predictions from experts and global surveys for 2025

The year 2024 witnessed uplifting events in the fields of politics, AI, space, tech, sports, crypto, and more. But what will 2025 look like? How will a second Donald Trump presidency affect the markets and geopolitics? What new can be expected in AI? Here’s what experts predict.

AI boom marches on
Artificial Intelligence companies will continue to dominate investment, with the UN designating 2025 as the Year of Quantum Science and Technology. Google recently claimed it reached a pivotal milestone in quantum computing with its new Willow quantum chip.

With AI assistants on the rise, experts say the next wave of AI developments could transform daily life with personalized and advanced experiences. Fast Company predicts growth in workplace AI.

However, skeptics suggest that the bubble may burst in the coming year. Forbes warns of a surge in AI-driven scams.

Market
Fueled by Big Tech, the S&P 500 is expected to continue its ascent in 2025. Major players like Morgan Stanley and Goldman Sachs predict the index will hit 6,500.

Jobs
Low unemployment is expected to hold steady, with hiring spikes in healthcare, tech, defense and energy. Conversely, according to Fast Company, retail, government, and professional services may face declines.

The Trump effect
Many expect the potential blanket tariffs President-elect Donald Trump has promised could exacerbate inflation and limit Fed rate cuts. It could keep the benchmark interest rate at 4.25% into 2025.

However, some predict Trump will backtrack on campaign promises, like mass deportations, due to economic fallout.

Gas prices
Drivers can expect some relief at the pump in 2025. GasBuddy projects that the national average for regular gas will drop to $3.22 per gallon, marking the lowest annual average since 2021.

The president-elect’s “America First” energy strategy, focusing on deregulation and increased domestic production, may boost supply. However, his proposed tariffs on Canada and Mexico could add 30 to 70 cents per gallon, as these countries are leading sources of US oil imports.

Global uncertainty
Geopolitical tensions, particularly in the Middle East, or natural disasters could disrupt fossil fuel supply and spike oil prices. The region remains volatile, with ongoing conflicts and instability following the collapse of Bashar al-Assad’s regime in Syria.

Escalating tensions among superpowers, including the US trade war with China and Russia, could intensify in 2025. In Europe, Germany and France face political uncertainty and growing far-right influence amid economic struggles.