Opinion | Deciphering 2019: An account of risks likely to emerge
Clearly, the next government at the centre, irrespective of its formation, will have some tasks spelt out
December is the season for cheer, goodwill and the customary sport of crystal-ball gazing. Myriad institutions weigh in on what is expected over the next 12 months in terms of global economic growth, trade climate, financial flows and how various asset classes are likely to behave. Risks are listed every year with unerring regularity and, as William Coen, secretary-general of the Bank for International Settlements, recently said: “…there is no shortage of risks in the financial system today, and the likelihood of a future financial crisis occurring only increases with time." So, in keeping with the hoary December tradition, here is a brief account of some risks likely to emerge in the coming months.