The world has become a riskier place. Of all the main economic or geographical areas, all except Australasia and the Caribbean have experienced increased risk so far this year, according to Euromoney’s country risk survey. Noteworthy deterioration in economists’ sentiment has been recorded not only in Europe, but also in Africa, central and eastern Europe and the Middle East, as concerns over the eurozone’s sovereign debt crisis have further dampened global economic growth and cast a shadow over private-sector and public-sector balance sheets.
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