Market Research Report
Global Risk Report Quarterly Update - Q4 2021
|Global Risk Report Quarterly Update - Q4 2021|
Published: January 12, 2022
Content info: 67 Pages
Delivery time: 1-2 business days
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 fifteenth update version of GlobalData Country Risk Index (GCRI) Q4 2021 ranks Switzerland at the top followed by Singapore and Denmark. 28 countries were identified in the very low risk zone, 22 countries in the low-risk zone, 41 countries under manageable risk, 34 countries under high risk and 11 countries in the very high-risk zone in GCRI Q4 2021.
Europe continues to be the least risky region in the world. Europe's Q4 2021 risk index score remained the same as Q2 2021's score, at 33.8. The Middle East and Africa is deemed to be the riskiest among all regions, with a risk score of 50.8 in Q4 2021. The geopolitical situation remains highly precarious due to ongoing heightened conflicts in the region. The Americas' risk score rose marginally to 46.9 in Q4 2021, compared to 46.7 in Q2 2021, and was ranked the second highest after the MEA as a result of the vulnerability in Latin American countries, such as Venezuela, where humanitarian crisis continues. In Asia-Pacific, the risk score slightly increased to 41.4 in Q4 2021, from 41.3 in Q2 2021, making it the second least risky region. The continent's recovery has been undermined by the spread of the Omicron variant, prolonging the distress for businesses and households. Economic activity slowed down in H2 2021, mainly because of the rise in inflation, vaccine efficacy against virus variants, and low fiscal contributions to the health sector.