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China’s early emergence from the pandemic, combined with large stimulus measures by the European Union and the United States, are expected to generate near-term a strong economic boost, but the impact may be transitory, says Marsh LLC, in a report issued Wednesday.
The Political Risk Map 2021 said this economic boost may “only delay a reckoning with social inequalities, unstable debt fundamentals and the green transition that is inexorably transforming the global energy landscape.”
The map, which is based on data from Marsh Specialty’s World Risk Review platform, provides risk ratings for 197 countries and territories across nine indicators relating to security, trading and investments.
The report said in addition to increased inequality between rich and poor nations, key themes include a continuing increase in economic risks for all countries and a rise in nationalism that will impact strategic resources.
More insurance and risk management news on the coronavirus crisis here.
(Reuters) — Uber Technologies Inc.'s chief executive on Monday called on President Donald Trump to include independent drivers and delivery workers in the planned $1 trillion coronavirus stimulus package and urged U.S. lawmakers to change labor laws in the long term.