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    Pessimistic outlook for global recovery: World Economic Forum survey

    According to polls by about 1,000 corporate, government and academic leaders, only one in ten members of the World Economic Forum (WEF) expects global recovery to accelerate over the next three years. Climate change was recognized as the greatest danger by respondents to the WEF Annual Risk Report.

    Erosion of social cohesion, a livelihood crisis, and deterioration of mental health have been identified as the highest increased risks since the start of the COVID-19 pandemic.

    WEF Managing Director Saadia Zahidi said, “Global leaders come together to adopt a coordinated multi-stakeholder approach to tackle relentless global challenges and build resilience ahead of the next crisis. Need to be done. “

    According to polls by about 1,000 corporate, government and academic leaders, only one in ten members of the World Economic Forum (WEF) expects global recovery to accelerate over the next three years. Climate change was recognized as the greatest danger by respondents to the WEF Annual Risk Report.

    According to the survey, extreme weather was considered to be the world’s greatest risk in the short term and a failure of climate change measures in the medium to long term.

    Peter Giger, Group Chief Risk Officer of Zurich Insurance, said, “Failure to respond to climate change could reduce global GDP by one-sixth, with a commitment at COP26 of 1.5 (Celsius). It’s still not enough to reach our goal. ” When you edit the report,

    The report also focuses on four areas of new risk: cybersecurity, chaotic climate change, migration pressure, and space competition.

    The report is published annually prior to the annual WEF meeting in Davos. However, Geneva-based organizations postponed the January event until mid-2022 last month due to the epidemic of the Omicron coronavirus variant.

    Fiber2Fashion News Desk (DS)

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    Pessimistic outlook for global recovery: World Economic Forum survey

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