Global Elections in 2024: A Year of Political and Economic Shifts

From Taiwan's defiance of Chinese pressure to the potential U.S. presidential rematch, the world braces for a year of significant political changes.

Countries making up over 60% of the world's economic output and more than half of its population hold elections this year, including key elections in Europe, Russia, Turkey, India, Mexico, South Africa, the United States, and the United Kingdom.
In Taiwan, Lai Ching-te of the ruling Democratic Progressive Party won the presidential election, defying Chinese pressure.
In Russia, President Vladimir Putin is expected to win another term, with potential market risks tied to the ongoing Ukraine conflict and Western sanctions.
India's Narendra Modi is likely to secure a third term as Prime Minister, with market risks linked to inflation and trade restrictions.
The United States is preparing for a potential rematch between Donald Trump and Joe Biden in the presidential election, bringing with it the risk of social unrest and market volatility.
In Venezuela, despite the barring of opposition candidate María Corina Machado from participation, Nicolás Maduro is favored in the presidential election.