After last year’s dramatic developments – the unexpected decision by Britain to vote to leave the European Union and the upset victory of Donald Trump in the US presidential election – political risk is being taken more seriously by traders and investors. Photo: AFP After last year’s dramatic developments – the unexpected decision by Britain to vote to leave the European Union and the upset victory of Donald Trump in the US presidential election – political risk is being taken more seriously by traders and investors. Photo: AFP
After last year’s dramatic developments – the unexpected decision by Britain to vote to leave the European Union and the upset victory of Donald Trump in the US presidential election – political risk is being taken more seriously by traders and investors. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Markets cannot afford to view politics and political risk through rose-tinted glasses

That the worst-case scenarios – a Le Pen presidency in France, a market crash following Trump’s victory and a sharp, Europe-wide sell-off in the wake of the Brexit vote – have been averted does not mean political risks have dissipated. Far from it

After last year’s dramatic developments – the unexpected decision by Britain to vote to leave the European Union and the upset victory of Donald Trump in the US presidential election – political risk is being taken more seriously by traders and investors. Photo: AFP After last year’s dramatic developments – the unexpected decision by Britain to vote to leave the European Union and the upset victory of Donald Trump in the US presidential election – political risk is being taken more seriously by traders and investors. Photo: AFP
After last year’s dramatic developments – the unexpected decision by Britain to vote to leave the European Union and the upset victory of Donald Trump in the US presidential election – political risk is being taken more seriously by traders and investors. Photo: AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.