This 18th edition of the World Economic Forum’s Global Risks Report is based on a risk perceptions survey of 1200 experts on the likelihood, severity, and interconnections between 37 global risks. It finds that the biggest risk in the next two years is the cost of living crisis, and the biggest risk in the next ten years is failure to mitigate climate change. This is the first time the Report has used the term polycrisis, asserting that “present and future risks can also interact with each other to form a ‘polycrisis’ – a cluster of related global risks with compounding effects, such that the overall impact exceeds the sum of each part”.
The press release for the Report is available at: https://www.weforum.org/agenda/2023/01/polycrisis-global-risks-report-cost-of-living/.
Past editions of the Global Risk Report are available at: https://www.weforum.org/global-risks/archive.