The start of January marks the 19th anniversary of your faithful monthly bulletin. We extend our gratitude for your extraordinary support, which has made these years of publication possible. If we are still here, it is also because of the relevance of our anticipation method – a method that proved its value as early as 2006, when we anticipated the subprime crisis. Since then, crisis after crisis has come and gone. The accelerating pace of change and the intensifying challenges of the modern world have only strengthened our commitment and refined our methodology. Today, it is clearer than ever: understanding the world we live in requires more than analysing the past and present. It demands the courage to project into the future. The proof lies in the growing number of forward-looking analyses. Recent weeks have witnessed an unprecedented proliferation of trends for the year ahead—a phenomenon that inspired us to offer a critical perspective in last month’s bulletin. This month, we take our turn, guided by our commitment to identifying ruptures and distinguishing them from mere trends of continuity. And there will be no shortage of breakthroughs in 2025. In our view, the year should see peace agreements in Ukraine [...]