Environmental risks continue to dominate long-term concerns, a new report shows.
World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich Insurance Group, as well as academic advisers at the Oxford Martin School, the National University of Singapore and the Wharton Risk Management and Decision Processes Center.
The report also cites concerns over international relations “hindering action across a growing array of serious challenges,” and “a darkening economic outlook” that is partly being driven by geopolitical tensions that looks set to further reduce the potential for international cooperation in 2019.
The report incorporates the results of the annual Global Risks Perception Survey of roughly 1,000 experts and decision-makers. It warns that growth in 2019 will be held back by continuing geo-economic tensions, with 88 percent of the survey respondents expecting further erosion of multilateral trading rules and agreements.
Cyber risks were even more prominent among concerns than last year.
However, environmental risks continue to dominate respondent concerns beyond the short term.
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