Hello, welcome to Business Daily on the BBC World Service. My name's Ed Butler, and today we are looking ahead at

2025. What could it hold for the global economy? How will countries handle the challenges we're facing,

like rising debt, inflation, political tensions, and what new opportunities might just arise as we adapt to all this?

To discuss all of these subjects, we've assembled the BBC's Grains Trust, you might call it.

I'm joined today by the BBC's economics editor, Faisal Islam, and our chief economics correspondent

Darshini David. Hello both. Faisal, first, thoughts, fears, anxieties about 2025.

I think it's going to be quite astonishing year for global economic policy.

And I don't mean that necessarily in a doom-laden way.

I mean, from our perspective as economic journalists, just unbelievably interesting.

With lots of jeopardy,

yes, choices, strategies, changes, and a lot up in the air. Obviously, that hinges upon whether the new US president is serious about using tariffs and trade as leverage or conducting that policy in a way

that could credibly start a massive world trade war. I'll leave that. I'll leave that there.

We'll get to that. Darcini. Yeah. Obviously, Faisal and I both know that gloom sells, and

that's frankly when we show up,

you know that something normally has gone quite wrong.

But when we look at 2025 and we look at this year and we think, what is this going to look like?

We shouldn't recite the fact that some of the crises that have frankly plagued us are in the past.

That spike in inflation is firmly in the past.

When we look at global growth,

there are all sorts of risks we'll get into on the horizon, but on the whole, if you're looking

at the kind of the central path for this, it ain't looking too bad. And there are various jitters,

particularly around fiscal policy, for example, as well as trade policy as well. But overall, is this the year in which we can think perhaps

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