Wednesday, January 03, 2018
Storm Warning. Brace Yourself. This One is Global.
The New York based risk consultancy, Eurasia Group, warns the world is facing a "big, unexpected crisis" in 2018.
"In the 20 years since we started Eurasia Group, the global environment has had its ups and downs," Eurasia President Ian Bremmer and Chairman Cliff Kupchan wrote in the outlook. "But if we had to pick one year for a big unexpected crisis -- the geopolitical equivalent of the 2008 financial meltdown -- it feels like 2018. Sorry."
Eurasia sees five ill winds driving the storm: China, miscalculation (Korea), protectionism, a technological cold war and, given Trump's obsession with it, Iran.
Sounds like this might not be the year to bet the farm on that one big risk.