World Economic Forum publishes annual Global Risks Report

Details: Published: Tuesday, 11 January 2022 10:23

Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the World Economic Forum’s Global Risks Report 2022, while the top long-term risks relate to climate, the top shorter-term global concerns include societal divides, livelihood crises, and mental health deterioration. Additionally, most experts believe a global economic recovery will be volatile and uneven over the next three years.

Now in its 17th edition, the annual Global Risks Report encourages leaders to think outside the quarterly reporting cycle and create policies that manage risks and shape the agenda for the coming years. It explores four areas of emerging risk: cybersecurity; competition in space; a disorderly climate transition; and migration pressures, each requiring global coordination for successful management.

The report closes with reflections on year two of the COVID-19 pandemic, yielding fresh insights on national-level resilience. The chapter also draws on the World Economic Forum’s communities of risk experts – the Chief Risk Officers Community and Global Future Council on Frontier Risks – to offer practical advice for implementing resilience for organizations.

The Global Risks Report 2022 has been developed with the invaluable support of the World Economic Forum’s Global Risks Advisory Board. It also benefits from ongoing collaboration with its Strategic Partners, Marsh McLennan, SK Group and Zurich Insurance Group, and its academic advisers at the Oxford Martin School (University of Oxford), the National University of Singapore and the Wharton Risk Management and Decision Processes Center (University of Pennsylvania).

Read the report at www.weforum.org/reports/global-risks-report-2022