In 2024, a wave of national elections took place in 70 countries, involving over half of the global population and 50% of the world’s GDP. This unprecedented election cycle was driven by widespread voter dissatisfaction with economic conditions, leading to an anti-incumbent trend. In many countries—such as the United States, United Kingdom, South Korea, India, South Africa, and Japan—governing parties were either defeated or significantly weakened. The Financial Times noted that it was the first time since at least 1950 that all governing parties in developed countries lost vote share in national elections. This shift has increased policy uncertainty and could potentially disrupt global economic stability. EDC outlines what may be ahead. https://www.edc.ca/en/article/global-trade-impact-2024-elections.html
