Economics
Political Turmoil to Be ‘New Normal’ for 2020, Risk Firm Says
- Chile, Hong Kong among places where upheaval continues
- Governments caught off guard, fuel protests with crackdowns
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The violent protests and political upheaval that marked 2019 and challenged governments from Hong Kong to Chile is set to stay and is now the “new normal,” according to a global risk firm.
Verisk Maplecroft, which advises corporate clients on political risk around the world, said in a new report released Thursday that it predicts “continued turmoil in 2020” as administrations around the world continue to be surprised by demonstrators and ill-prepared to address the underlying social grievances that spur them.