South African executives fear the state will collapse, while global sentiment expresses concerns over the cost-of-living crisis in the short term and the climate crisis in the long term.World Economic Forum’s Global Risk Report
South Africa is only one of three countries to have a state collapse as the biggest perceived risk facing the country – Peru – which is currently in the midst ofThe biggest fears for executives in popular countries that South Africans like to immigrate mainly involve economic concerns. The Netherlands is the exception, as the biggest risk is perceived to be their failure to adapt to climate change.
BNP Paribas also expects inflation to remain high due to a lagged effect of higher wages and disposable incomes being eaten into by higher service prices. Moreover, even if economies land softer than expected, the low-interest rate era’s demise could have serious knock-on effects – affecting the most vulnerable members of society and increasing poverty, violence, and even the chances of state collapse.
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