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Global Risks Report, 2020

Posted on : 21 Jan 2020

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  • Economic and political polarization will rise in 2020, according to the World Economic Forum’s latest Global Risks report, but severe threats to the climate account for all of the top five long-term risks.
  • The report published just days before the annual WEF event kicks off in Davos, Switzerland, forecasted a year of increased domestic and international divisions as well as economic slowdown.
  • Respondents were asked to assess both the likelihood of a global risk occurring over the course of the next 10 years, and the severity of its impact at a global level if it were to occur.
  • For the first time in the survey’s 10-year outlook, the top five global risks in terms of likelihood were all environmental, with extreme weather events, human-made environmental damage and disasters and major biodiversity loss and natural disasters from earthquakes to tsunamis all the likeliest risks in 2020.
  • In terms of the severity of impact over the next 10 years, the top risk was deemed to be the failure of climate change mitigation and adaptation.
  • WEF said that collaboration between world leaders, businesses and policy-makers was needed to stop severe threats to the climate, environment, public health and technology systems.
  • This year marks the 50th anniversary of the World Economic Forum in the Swiss Alps, with the theme this year being “Stakeholders for a Cohesive and Sustainable World.”

Article Related Questions

  1. Global Risks Report is released by which organization?

  2. 1.World Bank

    2.The Risk Management Association

    3.The Institute of Risk Management

    4.World Economic Forum

    Right Ans : World Economic Forum

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