Deutsche Bank research highlights ‘four major tail risks’ that the world faces
- Published: Thursday, 18 June 2020 09:20
The Deutsche Bank Thematic Research team classifies the COVID-19 pandemic as a tail risk, and highlights that the occurrence of tail risks is more regular than most people think.
In a new report the Thematic Research team considers various tail risks that could cause another global crisis, and assesses the probability that they will occur.
The team highlights there is a one-in-three chance that at least one of four major tail risks will occur within the next decade: a major influenza pandemic killing more than 2 million people; a globally catastrophic volcanic eruption; a major solar flare; or a global war.