A country’s corruption level directly affects potential investments by businesses, states Carrie Lenard, Government, Labour, and Education Manager at Euromonitor. The Eurozone crisis has increased corruption perception in some of the member countries, most notably Greece and Italy. Both countries have high public debt, which has exposed a prevalence of tax evasion. Since this perceived corruption will hamper investments in these countries, governments will have to take action against corruption before growth can take place, according to Lenard.

How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.