Global Risks

Major changes since June 12, 2008.

Headline risk

The risk has increased of a new Argentine sovereign debt default, after farmers began a fourth strike. Rising instability and the threat of a protracted effect on agricultural output of continuing rural protests are undermining economic and investment prospects more generally. In addition, the Supreme Court agreed to hear a petition on the constitutionality of the recent decree increasing export taxes. Legal challenges may threaten efforts to raise taxes, while concerns over stability of the tax regime will discourage investment (1-year stress balance up 3.2; 5-year stress balance up 0.6) .

You can learn more about the Global Stress Points Matrix™, or request a trial through the service information page.