(Bloomberg) — If 2016 was packed with surprises, 2017 carries just as much political risk.
The difference, according to a new report by Verisk Maplecroft, is that governments will be able to weather populist storms and any military flareups will likely fizzle.
Here's a breakdown of the consultancy's analysis: looking at likely conflicts among major powers, government stability and threat of terrorism.
|Military disputes likely, but not war
Verisk Maplecroft assigns at least a 90 percent chance of military scuffles between a variety of heavily-armed powers in 2017 — including India and Pakistan over the disputed region of Kashmir, and the U.S. and Iran in the oil-rich Persian Gulf. But they will ultimately step back from the brink of war.
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