Global fiscal crisis poses biggest threat to global economy: World Economic Forum survey

Here is the result of the WEF’s Executive Opinion Survey.

According to the results of a survey by the World Economic Forum which was published on Tuesday, the possibility of a fiscal crisis at the world stage is the biggest risk facing global businesses. However, it is to be noted that that there were strong regional differences in views over what constitutes as the biggest risk.

Case in point: in Europe and North America cyber attacks were considered the biggest risk, while in South Asia, environmental risks were of top concern.

Over the next 10 years, executives placed fiscal crises as the top risk followed by cyber attacks and unemployment or underemployment, showed the WEF’s Executive Opinion Survey.

The survey of 12,897 business leaders from 133 countries makes up part of the WEF’s global competitiveness report, published before the January Davos forum.

“At a time when global economic growth appears fragile, business leaders are deeply concerned by their governments’ fiscal resilience,” said Emilio Granados-Franco, head of global risks and geopolitical agenda at the World Economic Forum. “Meanwhile, cyber threats remain a major risk due to their rapid evolution and increasingly disruptive potential.”

The survey was published by WEF together with Marsh & McLennan and Zurich Insurance.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy, Sustainability

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