CNN: Global experts worry simultaneous crises could become the new norm
Business executives, politicians and academics are bracing for a gloomy world battered by intersecting crises, as rising volatility and depleted resilience boost the odds of painful simultaneous shocks.
In its annual survey of risks published Wednesday, the World Economic Forum found that more than 80% of respondents expected either “persistent crises” or “multiple shocks” over the next two years, at best leading to “divergent trajectories” for countries and at worst triggering “catastrophic outcomes.”
Global experts identified the cost-of-living crisis as the most severe short-term risk, as high prices for necessities like food slam vulnerable households and lift the odds of civil unrest and protests.
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Update #1: Inflation crisis poses greatest near-term global threat, Davos survey warns (CNBC)
Update #2: We’re in a new ‘polycrisis’ era and the World Economic Forum just warned us what to prepare for (Fortune)
Update #3: "Catastrophic Outcomes": Davos Elite Worried About Global Volatility, Cost-Of-Living Crisis (Zero Hedge)
WNU Editor: The World Economic Forum's 2023 global risk report is here .... The Global Risks Report 2023.
2 comments:
Davos "worry simultaneous crises could become the new norm "
No, it's their plan. They planned this and are executing it.
Seconded
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