Global Report Warns of ‘Polycrisis’ of Current and Oncoming Risks
Coming out of the World Economic Forum, the 2023 Global Risks Report has a new way of describing the increasingly interconnected levels of risk we’re dealing with: “polycrisis.”
The World Economic Forum, held in Davos last month, surveyed over 1,200 global risk experts, policy-makers and industry leaders to get a sense of both the short- and long-term risk landscape. This year’s top 10 risks for the next two years foreground the results of the COVID-19 pandemic and war in Europe – energy, inflation, food and security risks.
Meanwhile the other near-term risks of climate change and natural disasters are likely to create the long-term risks highlighted in the 10-year list.
Top 10 Risks (2 years):
Top 10 Risks (10 years):
For solutions, the report urges collective action to mitigate the effects of both the short- and long-term risks, before it’s too late. This includes both cooperation between countries, and partnerships between the public and private sector.
Click here to read the complete report.