World Economic Forum publishes annual Global Risks Report

According to a press release by the WEF, for the first time in the history of the Global Risks Perception Survey, environmental concerns dominate the top long-term risks by likelihood - extreme weather,climate action failure, natural disasters, biodiversity loss and human-made environmental disasters being the top 5 long term risks identified in the World Economic Forum's Global Risks Report 2020.

In terms of impact, the top five global risks include: Climate action failure, weapons of mass destruction, biodiversity loss, extreme weather and water crises.

Over 800 global experts and decision-makers were asked to rank their biggest concerns in terms of likelihood and impact.

The Global Risks Report 2020 was developed with the support of the World Economic Forum's Global Risks Advisory Board and from collaboration with its strategic partners Marsh & McLennan and Zurich Insurance Group and its academic advisers at the Oxford Martin School (University of Oxford), the National University of Singapore and the Wharton Risk Management and Decision Processes Center (University of Pennsylvania).

Overall, the report frames rapid climate change and the global economy as facing increased risk of stagnation.

The World Economic Forum take plaes from 21-24 January in Davos, Switzerland.

Click here to download The Global Risks Report 2020.

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