Declining optimism, deepening geopolitical tensions and tariff-led economic impacts are shrouding the world as we enter 2025 but one bright spark is a fall in inflation, according to the World Economic Forum’s Global Risks report released ahead of the Davos conference.
State-based armed conflict (23%), extreme weather events (14%) and geoeconomic confrontation (11%) head the list of concerns in the current risk landscape, followed by misinformation and disinformation (7%) and societal polarisation (6%).
Interestingly disruptions to a ‘systemically important supply chain’ barely registered (1%), suggesting challenges during the COVID years have been consigned to memory, although the report still highlights the need to diversify supply chains amid ongoing conflicts.
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