Inflation, price pressures seen as main global risk in 2025
Survey conducted by WEF sugest that world will continue to face crisis by 2025!
World Economic Forum survey suggests new risks and re-emerging challenges from the past testing governments and businesses!
Tweet on WEF Survey
Inflation, price pressures seen as main global risk in 2025, WEF survey warns, via @WSJ #inflation #recession https://t.co/67NNe4Yt5z
— The_Journalbiz (@the_journalbiz) January 11, 2023
WSJ report on WEF survey
An annual survey carried out by the World Economic Forum shows policy makers, industry leaders and experts on risk expect high inflation and pressure on energy and food prices to persist and pose the most serious of a growing list of risks to global stability in 2025.
The survey of more than 1,200 experts and leaders, released on Wednesday ahead of the WEF annual meeting in Davos next week, presents a picture of new risks combined with the re-emergence of older threats that many current policy makers and business leaders are unfamiliar with.
Risks include inflation, cost-of-living crises, trade wars, social unrest, outflows of capital from emerging markets, geopolitical confrontation and the specter of nuclear war
- The newer hazards include unsustainable levels of debt, low growth, low investment and deglobalization that are setting back human development after years of progress, the report said.
The survey suggests concerns that government and business leaders may be overwhelmed by the multiple crises they are facing at once—and that many of the issues will therefore not be resolved quickly, say the authors of the report.
The survey shows that the cost of living is expected to remain the top global concern in 2025. The risks posed by the erosion of social cohesion and polarization of societies is ranked fifth.
