Global Risk Explored in World Economic Forum Report

Wednesday, October 29, 2014

By Cassandra Oaten

The World Economic Forum (WEF) has released its 2014 Global Risks Insight Report – this ninth edition of the publication provides a summary of risks that are of highest concern as measured by corporates and believed to face the most potential damage to international business activity.

The report found that out of 31, the three risks of highest concern, impact and believed likelihood to stakeholders were fiscal crises in key economies, structurally high unemployment/ underemployment and water crises.

The report breaks down the perceived values of risk within different sections of the market to gauge the differences amongst differing sectors and demographics.

The report also analyses particular risks in detail - the safety of cyberspace, the rise of youth unemployment in the face of swelling higher education debts and the instabilities that may transpire.

The report looks at growing middle classes which will affect domestic demands on governments. A realignment of economic powers will also result in due adjustments needing to transpire if the world sees a shift from economic hegemony to the rise of regional powers as part of a multipolar world.

The 2014 Global Risks Insight Report is accessible here.