Next year is looking "worse than at any point in the past decade," when it comes to global security and political risk, according to global consultancy Control Risks, warning of further volatility for markets.
Terrorism, Middle Eastern instability, cyber-risk, a Chinese economy in transition and European financial and political uncertainties mean a potentially more volatile world in 2016, according to the firm's outlook for business risk, published on Monday.
Looking at the security trends that could top the list of business concerns next year, the "RiskMap" noted several escalating security and political risks.
While it said the "cyber threat will grow as more nation states engage in cyber operations and criminal attacks on corporate networks become increasingly damaging" it also noted that uncertainty over China's ability to adapt to a "new era of 6 percent growth" had the potential to "send jitters through global markets."
The report also noted that relations between powerful leaders, such as U.S. President Barack Obama and his Chinese and Russian counterparts, Xi Jinping and Vladimir Putin respectively, could deteriorate as each grapples with "his own domestic issues and nullifying the others' influence overseas."
One thing that has seemed to unite nations is a concern over the seemingly dramatic rise in terrorism attacks in 2015. To name just a few of the larger attacks on the West, there was the Charlie Hebdo massacre in Paris at the start of the year, an attack on British tourists in Tunisia in June, the downing of a Russian jet in Egypt in October and again, a further Islamic State-backed attack in Paris in November in which 130 people died.