A survey of the World Economic Forum's community of chief risk officers highlights a range of global risks with the potential to threaten economic growth, destabilize global markets and disrupt broader business operations over the next six months.
This first edition of the Chief Risk Officers Outlook launches against a backdrop of economic instability and political tensions. The aim of the outlook is to provide a midyear pulse check from the perspective of on-the-ground risk practitioners, conducted through a new survey of the World Economic Forum’s community of chief risk officers.
The results point to a range of global risks with the potential to threaten economic growth, destabilize global markets and disrupt broader business operations. Chief risk officers expect continuing volatility in geopolitical and geoeconomic relations between major economies, with the majority anticipating upheavals at a global scale over the next six months. Key concerns include risks relating to macroeconomic indicators, pricing and / or supply disruptions of key inputs, armed conflicts and / or use of weapons, and regulatory changes, compliance and enforcement.
Further reading All related content
Effective risk management cultures do these 4 things: A risk expert explains
From 'speak up' cultures to shared accountability, Chief Risk Officer Bahare Heywood discusses what's critical to teams for effective risk management.
AI: These are the biggest risks to businesses and how to manage them
Artificial intelligence (AI) will revolutionize areas like medicine and agriculture. But it also poses significant risks to business and society, experts say.
2023's top risks 6 months on - according to Chief Risk Officers
From conflict and economic uncertainty to regulatory changes, supply chain disruption and AI ethics, here’s what CROs are concerned about now.