Summary The fourth update version of GlobalData Country Risk Index (GCRI) Q3 2017 ranks Singapore at the top followed by Sweden and Switzerland. 31 countries were identified in the very low risk zone, 34 countries in the low risk zone, 37 countries under manageable risk, 27 countries under high risk and seven countries in the very high risk zone in GCRI Q3 2017.
Scope - Asia-Pacific ranks second in terms of regional risk after the Europe. India and Indonesia registered improvements in their risk profiles.
Despite this, downside risk remains in the form of geopolitical tensions, tapering by central banks, sudden capital outflows, and Chinese debt. The region is the fastest growing in the world and remained the main driver of the growth in 2017.
- While economic indicators in Europe remain strong and an expected recovery is imminent, the region is plagued by political risk and uncertainties stemming from events such as Brexit, independence referendums, and rise in nationalism. It is the lowest risk region in the world.
- Americas is the third highest risk region according to the GCRI 2017 Q3 update, with a regional risk score of 42.61 out of 100. While risk has been reduced and economic growth revived, figures remain skewed.
North America continues to perform well whereas Latin America and the Caribbean is weak. Commodity exporters are suffering economically and this has manifested itself in social unrest and political turmoil in some countries.
- The Middle East and Africa (MEA) was the highest risk region according to the GCRI 2017 Q3 update, with a regional risk score of 47.12 out of 100. The region continues to be plagued by social conflicts, geopolitical turmoil, and weak economic performance.
Reasons to buy - Global Risk Report is based on GlobalData Country Risk Index (GCRI) which is a unique country risk-rating model that determines the existing and future level of country risk by assessing various qualitative and quantitative factors. The index is formulated to help firms prepare their global business strategies on the basis of historical developments in an economy and also their future expectations.
- The Country Risk Index incorporates the latest available macroeconomics, political, social, technological, environmental and legal data from a range of recognized national and international statistical sources, and incorporates proprietary data from GlobalData Economics Research. The model also features expert analytical judgment from in-house economists and takes into account their insights and opinions. By applying a robust approach to assessing risk, GlobalData analysts ensure that strategists have an effective tool to assess current trends and risks facing the economies across the globe.
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