Many political events and changes happened in 2016 and many of these will have effects long after. We look at the events that happened recently and that will have an influence on what happened in 2017. Huge upsets, a lot of uncertainty, and even fear lie in the wake of some of these big, world-changing events.
1. Donald Trump: In January, Donald Trump was inaugurated as the president of the United States of America. President Trump has already started making waves and upsetting people. He seems to be undoing a lot of work that previous presidents built to improve America.
2. Brexit continues: In March the UK will activate Article 50 as part of their withdrawal from the European Union. Difficult decisions lie ahead for Prime Minister Theresa May. Britain needs to decide on a negotiating strategy as part of their exit process.
3. French Presidential Elections: During April and May the French presidential elections will take place. These elections concern many and could cause a crisis bigger than Brexit if candidate Marine Le Pen wins. The favorite for president is Francois Fillon. It is expected that he will win, but election results in 2016 have proved that anything can happen.
4. Iran Elections: In May, the elections for the Iranian president will take place. Hassan Rouhani has made his mark in recent years as president. The election of Donald Trump as president may, however, allow certain unwanted elements to undermine his re-election. If another president with more aggressive intentions were to be elected, it could have dire consequences on the Middle East.
5. US Federal Reserve: It is expected that interest rates will rise at least 3 times during 2017. Some say it won’t go so far or so high, but the election of Donald Trump as president has already upset certain currencies and it could continue to do so. If his policies are approved, rates may go even higher than expected.
These are the things to look out for in 2017. It is gearing up to be an interesting year.