Nice chart and table of what the World Economic Forum (WEF) deems as the major risks with their respective probabilities for the coming year. Environmental, global warming and cyber are the most likely high impact events, complicated by a backdrop of rising nationalism and fading global cooperation.
Is the world sleepwalking into a crisis? Global risks are intensifying but the collective will to tackle them appears to be lacking. Instead, divisions are hardening. The world’s move into a new phase of strongly state-centred politics, noted in last year’s Global Risks Report, continued throughout 2018. The idea of “taking back control”— whether domestically from political rivals or externally from multilateral or supranational organizations— resonates across many countries and many issues. The energy now expended on consolidating or recovering national control risks weakening collective responses to emerging global challenges. We are drifting deeper into global problems from which we will struggle to extricate ourselves. – The Global Risks Report 2019
The term “sleepwalking” makes us very nervous.
Usually pays to bet against the prevailing narrative of the January Davos event.
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