Freedom

Measures civil liberties and the institutions that protect property and contracts, the quiet foundation of long-term wealth. It stands at 38/100 below the G20 median (51): poor. It is driven mainly by civil liberties, freedom (Freedom House) and legal security. In practice, property and contracts carry more uncertainty.

Institutions are weaker; expect a bit more uncertainty in long-term decisions. It improves if it recovers for real.