Momentum of economic growth achieved in 2017 reduced in 2018, due to slower growth rate in major Asian and European economies. The growth is expected to slow down further in 2019 as investments weaken and trade activities subside.
Key Highlights from the report –
- Asia-Pacific region has the second lowest regional risk after Europe. India, Malaysia and Pakistan registered improvements in their risk score whereas overall risk in Bhutan, Kyrgyzstan and Nepal increased in Q4 2018 over the last update (Q2 2018).
- Europe is the lowest risk region in the world. The risk score of the European region witnessed a marginal increase in Q4 2018 on the back of increasing political and economic tensions such as uncertain Brexit, looming economic crisis in Italy, among others. There has been an improvement in the rankings of Romania, Serbia and Iceland whereas overall risk increased in Slovakia, Bosnia and Belarus in MLCRI Q4 2018 update.
- The risk score of the Americas also increased in Q4 2018 over the previous update in Q2 2018 as a result of vulnerability of Latin American countries such as Venezuela and Argentina. The 35 day government shutdown from December 2018 to January 2019 has caused severe damage to the US economy. Jamaica, Panama, Trinidad and Tobago recorded an improvement in the ranking whereas overall risk in Colombia and Uruguay increased in Q4 2018
- The Middle Eastern and African regions also recorded a rise in the risk score in Q4 2018 on the back of heightened geopolitical risks due to scandals regarding Saudi Arabia, sanctions on Iran and a weak economic performance in the region. There has been an improvement in the rankings of Egypt, Algeria and Kuwait whereas overall risk increased in Lebanon, Tanzania and Rwanda in MLCRI Q4 2018 update.
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Published: Feb 2018
Report Format: electronic pdf