The World Economic Forum recently released the Global Risks Report 2022.
In the past two years, during the pandemic, the world top 20% (the richest) has recovered their losses. On the other hand, the bottom 20% have lost 5% more.
Environmental risks are to dominate for long term and short term.
Climate action failure, extreme weather events and biodiversity loss were perceived by experts as the biggest threats for the global population over the next decade.
Environmental factors like human environmental damage and natural resource crisis were also believed to be among the top 10 risks in the period.
Cybersecurity, pandemic and space advancements are also the emerging risks to the global economy.