Economics
2018 Feels Ripe for ‘Big Unexpected Crisis,’ Eurasia Group Says
- ‘Geopolitical depression’ now closer than shift to stability
- China’s ability to fill U.S. power vacuum tops list of risks
This article is for subscribers only.
This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group warned in its annual outlook.
Describing global political challenges as “daunting,” the New York-based political risk consultancy said that “if we had to pick one year for a big unexpected crisis -- the geopolitical equivalent of the 2008 financial meltdown -- it feels like 2018." The biggest uncertainty surrounds China’s move to fill a vacuum as U.S. influence continues to decline, stoking tensions between the two powers, it said. That’s likely to affect economics as well.