Expect more political volatility in 2018 to follow an already volatile year, director for Europe and Africa at Control Risks, Nick Allen, told CNBC Monday.
"What we've seen is a real shift to national politicians driving the agenda and businesses are having to adjust to that," Allen said. "So more political volatility — we've had a lot of that in 2017 so more in 2018 is what we're looking at."
Investors are looking to the coming year and many are questioning just how extreme that volatility will be, given that markets have performed historically well even amid increased geopolitical risk.
"I think 'extreme' is probably an overstatement, but a number of things have changed, particularly from a business perspective," Allen noted. "Business by and large was used to the fact that most governments were fairly business friendly, keen to encourage investment. No one was ever calling the WTO, NAFTA into question."