Companies face the highest level of risk in a decade because of factors including terror attacks and China’s economic slowdown, a report has said.
Consultants at Control Risks issued the warning in their 2016 Risk Map.
Chief executive Richard Fenning told the BBC the global risk outlook was currently an “eight out of 10”.
Threats include the strengthening of the so-called Islamic State (IS) and uncertainty over China’s ability to adapt to slower growth.
Chinese authorities face difficult questions over how to handle a slowdown in annual growth to 6%, according to the report.
But Mr Fenning said he did not think the country would suffer a “hard landing” as it continues to shift from a manufacturing-led to a consumer-led economy.
He told the BBC’s Today programme: “I think President Xi and the senior echelons of the Chinese leadership are the most competent group of people to be running that country, probably ever.
“I think they will get them and us through it but there will be bumps in the road.”
via BBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.