×

Terror attacks, Russia instability: Key risks in Q2

Terror attacks, the global threat of militancy posed by Islamic State (IS) extremists and instability in Russia: These are some of the key risks to watch out for over the next three months, according to a report from G4S Risk Consulting on Tuesday.

In its global forecast report, the risk consultancy firm said major concerns included the rise of IS, and warned that terror attacks like those seen in France and Denmark earlier this year were possible in the second quarter of 2015.

"An attack similar to the Paris and Denmark attacks in Q1 is highly likely in Q2," Ian Betts, global head of risk analysis at G4S Risk Consulting, said in the report, referring to the massacre at the offices of French satirical magazine "Charlie Hebdo" in January, and the two deadly attacks in the Danish capital of Copenhagen in February.

Feriq Ferec | Anadolu Agency | Getty Images

IS, formerly known as Islamic State in Iraq and the Levant, is one of the main jihadist groups fighting government forces in Iraq and Syria. It has had a number of military successes and claims to have attracted fighters from several European countries and the U.S.

Read MoreGoldman: Oil prices must 'stay low for longer'

"The perceived threat encompasses the wider world, as nations remain concerned over the threat posed by returning fighters and self-radicalised individuals," Betts said.

The report added: "Although U.S. airstrikes are proving useful in halting the advance of IS, a lack of ground capability means that militants are retaining their presence and posing a long-term threat to security."

Russia rattled

Russia's political stability meanwhile, is in doubt, following the murder of opposition politician Boris Nemstov in late February, and a power struggle between the Federal Security Service intelligence agency and Chechen warlord-cum-politician Ramzan Kadyrov, G4S said.

The consultancy added that suspicions that President Vladimir Putin is in ill health, following a recent unexplained break from public appearances, have fuelled concerns that Moscow will increasingly struggle to cope as the economy enters a deep recession.

Read MoreRussia's economic crisis 'will end Putin regime'

"Kremlin infighting, violence in eastern Ukraine and bellicose rhetoric are set to characterise the coming quarter," the report said.

Greece 'fiscal crisis'

In Europe, Greece faces the "potential for civil unrest and major fiscal crisis" if a reform deal and financial aid package is not agreed this month, G4S said. Athens is just weeks away from running out of cash, with key talks between Greece and its creditors take place this week.

Meanwhile, corruption was expected to be a key theme in the second quarter for the Asia-Pacific and Americas, the G4S report said. Petrobras, Brazil's semi-public oil company, is in the midst of huge bribery scandal, and China, the world's second biggest economy, has been on an anti-corruption drive since late 2012.

G4S added that as many countries in South America were seen entering recession this year, a rise in protests over socio-economic worries were likely in the months ahead.

Last month, Brazil was hit by mass protests fuelled by a struggling economy, budget cuts and the Petrobras scandal.

Follow us on Twitter: @CNBCWorld