January 04, 2018 11:24
The global environment in 2018 is the most dangerous since the 2008 financial crisis, a risk assessment firm has warned.
Risk consultancy Eurasia Group warned Wednesday that disastrous geopolitical event loom this year. "In the 20 years since we started Eurasia Group, the global environment has had its ups and downs. 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," Eurasia president Ian Bremmer said.
The firm's annual report warns of cyber terror threats, accidental clashes triggered by North Korean missiles, a technology Cold War and deteriorating relations between the U.S. and Iran among the top 10 threats.
"'America First' and the policies that flow from it have eroded the U.S.-led order and its guardrails, while no other country or set of countries stands ready or interested in rebuilding it... significantly increasing global risk," it said.
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