The 17th edition of the Global Risks Report identifies tensions that will result from a divergent recovery. Rapidly and slowly recovering countries alike will need to navigate economic and societal gaps to restore social cohesion, boost employment and thrive.
The pandemic's cascading impacts are impeding the visibility of emerging challenges, including climate transition disorder, increased cyber vulnerabilities, greater barriers to international mobility, and crowding and competition in space. Global divisions risk deepening at a time when societies and the international community urgently need to collaborate to check COVID-19 and heal its scars.
In partnership with Marsh McLennan, SK Group and Zurich Insurance Group.
The 16th edition of the World Economic Forum’s Global Risks Report analyses the risks from societal fractures—manifested through persistent and emerging risks to human health, rising unemployment, widening digital divides, youth disillusionment and geopolitical fragmentation. Businesses risk a disorderly shakeout which can exclude large cohorts of workers and companies from the markets of the future. Environmental degradation—still an existential threat to humanity—risks intersecting with societal fractures to bring about severe consequences. Yet, with the world more attuned to risk, lessons can be drawn to strengthen response and resilience. In 2020, the risk of a pandemic became reality. As governments, businesses and societies grapple with COVID-19, societal cohesion is more important than ever. For an overview of the report’s contents and survey results, please see here.
Each year, the Executive Opinion Survey polls business leaders from around the world on their perceptions of the top global risks. What is the world’s business community most concerned with for the next decade? What are the top risks for business in your market?