Financial crises and asset bubbles .. Top 10 risks to the global economy
Economy News - Baghdad
The World Economic Forum (WEF) has warned of 10 risks to the global economy, including financial crises, unemployment and asset bubbles.
With high economic uncertainty and increasing decentralization threats, a regional understanding of risks and opportunities for cooperation are essential, the forum said in a report released on Tuesday.
According to the survey conducted by the Forum of the 10 risks to come financial crises in the forefront, then cyber attacks, unemployment or disguised unemployment in second and third place, and then the shock of energy prices and the collapse of local governments in the fourth and fifth place.
The sixth danger is deep social instability, and then theft of data and international conflicts is the seventh and eighth.
The ninth and tenth risks are the failure of vital infrastructure and the asset bubble, respectively.
The report stressed that the signs of a global recession in the short term have become strong, and that the impact of such a shock on local government policies is hampering the business community.
The biggest threat to US investors at the moment is cyberattacks and data theft, and the third is terrorist attacks.
As for Germany, the biggest threat facing the World Economic Forum is the cyberattacks and the asset bubble.
In China, the biggest risk there is natural disasters, deflation, and then data theft.
Some 12,000 business leaders from 133 countries participated in the survey.