GlobalData, a leading data and analytics company, has reported a slight decline in its Country Risk Index (GCRI), dropping from 55.6 in Q3 2024 to 55.0 in Q4 2024. This change reflects a complex global economic landscape, where easing price pressures are counterbalanced by trade policy uncertainties and geopolitical tensions. The report highlights that whilst the Asia-Pacific region shows resilience, the Americas and the Middle East and Africa (MEA) face higher risks due to economic instability and geopolitical conflicts.
In the Asia-Pacific, the risk score decreased from 54.0 to 53.4, supported by strong domestic demand and export growth, despite geopolitical tensions in the South China Sea and an economic slowdown in China, according to the report titled “Global Risk Report Quarterly Update – Q4 2024,”. Annapurna Pillutla, Economic Analyst at GlobalData, noted, “Global economic growth is projected to reach 3.1% in 2024, slightly down from 3.3% in 2023, reflecting both resilience and ongoing challenges.”
In the Q4 2024 GCRI update, the highest-risk countries included Pakistan, Myanmar, and Bangladesh. Conversely, the countries with the lowest risk were Singapore, Taiwan (Province of China), and Hong Kong (China SAR).
Pillutla concludes that managing these risks requires a sophisticated approach, emphasising adaptation and diversification. The report underscores the need for policymakers and investors to navigate the complex global economic environment effectively.
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