Inflation crisis poses greatest near-term global threat, Davos survey warns

Inflation crisis poses greatest near-term global threat, Davos survey warns

• The World Economic Forum’s annual Global Risks Report found the cost of living crisis and climate change are the biggest short and long-term global risks right now, respectively.
• “We see a return of some older risks that we felt we had made good progress in terms of solving, but are now very much back on the risk map,” Carolina Klint, risk management leader for Continental Europe at Marsh, told CNBC.
• The report says the world must collaborate more effectively on climate mitigation and adaptation over the next decade, to avoid “ecological breakdown” and continued global warming.

https://www.cnbc.com/2023/01/11/inflation-crisis-posing-greatest-near-term-threat-davos-survey-warns.html