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.
- The eighth update version of GlobalData Country Risk Index (GCRI) Q1 2019 ranks Singapore at the top followed by Switzerland and Sweden. 41 countries were identified in the very low risk zone, 27 countries in the low risk zone, 40 countries under manageable risk, 21 countries under high risk and seven countries in the very high risk zone in GCRI Q1 2019.
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- Asia-Pacific ranks second in terms of regional risk after Europe. The Philippines, Taiwan, Vietnam, Kazakhstan, Bangladesh, Nepal and Myanmar registered improvements in their risk profiles
Europe retained its position as the lowest risk region in the world, according to the GCRI Q1 2019 update, due to its strong macroeconomic fundamentals, and political stability.
- The risk score of the European region witnessed a marginal increase in Q1 2019 on the back of increasing political and economic tensions such as an uncertain Brexit and the economic crisis in Italy, among others.
- The risk score of the Americas also increased in Q1 2019 over the previous update in Q4 2018 as a result of the vulnerability of Latin American countries, such as Venezuela where a humanitarian crisis has been mounting, along with severe political uncertainty. The continued atrocities committed by Guerrilla forces in Colombia are hampering economic development.
- The Middle East and Africa (MEA) is the highest risk region according to the GCRI 2019 Q1 update, with a regional risk score of 48.8 out of 100, up from 47.6 in the GCRI 2018 Q4 update and 47.5 in the GCRI 2018 Q2 update. The region continues to be plagued by social conflicts and geopolitical turmoil.