GLOBAL RISK REPORT

Subject: International Report

Context: Recently the Global Risks Report 2021 was recently released by the World Economic Forum.

Concept:

The global economy has been facing an increased risk of stagnation and climate change is striking harder and more rapidly than expected.
The report provides an open viewpoint which can lead to global economic benefit.
The World Economic Forum has argued since 1970 for the need to consider social well-being alongside economic gains. Unless the global economic system is reformed to be more socially conscious, the twin risks of prolonged slowdown and stronger defiance towards the current economic model will continue to exacerbate each other
As per the report the following can lead to dire consequences and lost opportunities for large parts of the global population:

Risk of job losses

A widening digital divide

Disrupting social interactions

Abrupt shifts in markets.