Understand Risk Innovation
This blog will be based on reading the following risk profile report link: https://www.bloomberg.com/graphics/global-risk-briefing/ In the risk profile report, there are four different kinds of risks were mentioned. They are; Reserves Stockpiles This shows total foreign reserves (excluding gold) held by each country's central bank as a percentage of the gross domestic product. They effectively act as a cushion against economic shocks, such as hyperinflation and currency depreciation, that could be triggered by external or internal events. Unemployment Figures are 2017 estimates by the International Labour Organization for those in the labor force aged 15+. Unemployment can serve as a proxy for the overall health of the economy. Long-term high unemployment levels eventually lead to less spending power among consumers, lower tax revenues for governments and possible social unrest. Inflation When prices are rising too quickly, the resulting confusion can lead t