Unrest Risks Seen Rising In 2010 As Stimulus Ends |
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December 18, 2009
Civil unrest and attacks on minorities did not rise sharply during the economic crisis in 2009 as many predicted, but with unemployment still high and stimulus packages being withdrawn the risk could rise next year.
Civil unrest and attacks on minorities did not rise sharply during the economic crisis in 2009 as many predicted, but with unemployment still high and stimulus packages being withdrawn the risk could rise next year. The crisis arguably added fuel to existing instability and unrest from Thailand to Moldova, Madagascar and Ukraine -- but in Europe in particular the impact was less than many feared with social welfare spending helping cushion the impact. While emerging European countries had to cut spending early on to qualify for International Monetary Fund and European Union financial support, several Western European countries allowed their budget deficits to balloon to levels that alarmed investors and ratings agencies.
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