Country risk March 2009: No more safe havens?
The impact of the credit crunch spread across the world over the past 12 months. Eastern Europe was badly hit, and the Middle East and Asia could no longer claim to be immune.
Few would think the US has become safer as an investment over this period. But at times of uncertainty investors go with what they know, and the US rises to sixth place – an Obama bounce, perhaps?
Singapore continues its inexorable rise, it seems, towards a place in the global top 10 and is clearly the safe haven within the Asia–Pacific region.
The biggest fallers will come as no surprise: Iceland, with its bankrupt banking system, falls 20 places and will be lucky to stay in the top 50 next time round; India’s fall follows the atrocities of the Mumbai terror attacks.
Few will be surprised that crisis-torn Zimbabwe sits, forlornly, at the foot of the table.