- The World Economic Forum (WEF) released the 18th edition of the Global Risks Report.
- The 18th edition of the Global Risk Report is based on the Global Risk Perceptions Survey for 2022-2023.
- The survey indicates that cost of living crisis, food supply crisis, energy supply crisis, rising inflation and cyber attacks on critical infrastructure are the top risks for 2023.
- Apart from these risks, the report mentions that the weakening of human rights, net zero target, failure of non-food supply chains and debt crisis are other key risks.
- According to the report, 2025 will be dominated by social and environmental risks.
- In this year's report of the World Economic Forum, the 'cost of living' has been ranked first among all global risks on the basis of severity.
- "Biodiversity loss and ecosystem collapse" is one of the fastest worsening global risks in decades.
- Six of the top 10 risks will be environmental risks over the next decades.
Tags:
Economics
