The World Economic Forum's Global Risks Report 2020 provides a comprehensive analysis of potential global risks over the next ten years.
The report assesses the likelihood and impact of these risks and categorizes them into economic, geopolitical, environmental, social, and technological categories. It highlights the increasing interconnectedness of these risks and emphasizes the need for global cooperation to address them.
The report discusses pressing issues such as climate change, loss of biodiversity, rising geopolitical tensions, digital proliferation, and increasing pressures on health systems.
The report is based on a survey of experts from business, government, civil society and academia. The report aims to sensitize stakeholders and encourage them to develop sustainable and integrated solutions to the world's most pressing challenges.
Part of the World Economic Forum's (WEF) Global Risks initiative, the 2020 Global Risks Report, in partnership with Marsh & McLennan and Zurich Insurance Group, provides an in-depth analysis of the most significant risks facing the world in the coming years, emphasizing the importance of a multilateral approach to addressing them.
What is a "global threat"?
The report defines a global risk as "an uncertain event or circumstance that, if it occurs, could cause a significant negative impact across multiple countries or sectors over the next 10 years."
Reporting Methodology
The report is based on the Global Risk Perceptions Survey (GRPS), which engaged leaders from business, government, civil society and thought leaders across the Forum's multiple networks. The survey was conducted between September 5 and October 22, 2019, with input from members of its Advisory Board and the Risk Management Institute.
Highlights of the Global Risk Report 2020:
A list of the top 10 risks by "potential impact":
Failure to Address Climate Change
Weapons of Mass Destruction
Loss of biodiversity
Extreme weather conditions
Water crises
Collapse of information infrastructure
Natural disasters
Cyber attacks
Human-caused environmental disasters
Infectious diseases
A list of the top 10 risks in order of "likelihood of occurrence":
Extreme weather conditions
Failure to Address Climate Change
Natural disasters
Loss of biodiversity
Human-caused environmental disasters
Fraud or data theft
Cyber attacks
Water crises
Failure of Global Governance
Asset bubbles
A look at short-term risks (2020) as assessed by multiple organizations:
Economic confrontations
Internal political polarization
Extreme heat waves
Destruction of natural ecosystems
Cyber attacks on infrastructure
Economic protection in trade and investment
The rise of populist and nationalist agendas
Online theft of money or data
Recession in a major power
Uncontrolled fires
Analytical notes:
The report highlights the shift in the center of gravity of risk from economic (as before) to environmental and climate issues.
The ranking shows that climate change is no longer just a distant threat, but has become the most impactful and imminent danger.
Cyberattacks are a recurring risk in both rankings, reflecting the fragility of the global digital infrastructure.
The call for multilateral cooperation emphasizes the increasing complexity of challenges that no one country can face alone.
The report is available in English in Next link:
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