The geopolitical challenges are steadily increasing and uncertainty along with it. The map shows the countries which currently reveal an elevated political risk. The causes of these risks differ greatly and stretch from the preservation of power (North Korea) through stagnation (Italy) and finally to isolation (USA). Geopolitically, China is increasingly stepping into the void left by the USA and is thus able to position itself as new stabilising power. This should strengthen the Asian region over the long term.
Up to now though, the economic environment has been hardly affected by this at all. Rather, business and consumer sentiment is broadly at a very high level.
Ultimately, reason should prevail and the favourable economic trend continue accordingly.