Gloomy outlook for global recovery, World Economic Forum survey finds | Citypress

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Gloomy outlook for global recovery, World Economic Forum survey finds

Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found, with only one in six optimistic about the world outlook.

Agreement at the UN Climate Change Conference in November last year was widely applauded for keeping alive prospects of capping global warming at 1.5°C, but many of the nearly 200 nations present had wanted to leave the conference in Glasgow, Scotland, with more.Patents and costs stymie Africa’s growth

The WEF report also highlights four areas of emerging risk – cybersecurity, a disorderly climate transition, migration pressures and competition in space. “Who governs space?” asked Carolina Klint, a risk management leader for continental Europe at insurance broker Marsh, which also helped produce the report.

 

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