In the years to come, as continued, concurrent leveraging the interconnectivity between global crises embed structural changes to the economic risks can broaden the impact of risk mitigation and geopolitical landscape, they accelerate the activities – shoring up resilience in one area can other risks that we face. More than four in 昀椀ve have a multiplier effect on overall preparedness for GRPS respondents anticipate consistent volatility other related risks. As a deteriorating economic over the next two years at a minimum, with multiple outlook brings tougher trade-offs for governments shocks accentuating divergent trajectories. However, facing competing social, environmental and security respondents are generally more optimistic over concerns, investment in resilience must focus on the longer term. Just over one-half of respondents solutions that address multiple risks, such as funding anticipate a negative outlook, and nearly one in 昀椀ve of adaptation measures that come with climate respondents predict limited volatility with relative – and mitigation co-bene昀椀ts, or investment in areas that potentially renewed – stability in the next 10 years. strengthen human capital and development. Indeed, there is still a window to shape a more Some of the risks described in this year’s report are secure future through more effective preparedness. close to a tipping point. This is the moment to act Addressing the erosion of trust in multilateral collectively, decisively and with a long-term lens to processes will enhance our collective ability to shape a pathway to a more positive, inclusive and prevent and respond to emerging cross-border stable world. crises and strengthen the guardrails we have in place to address well-established risks. In addition, FIGURE C Global risks landscape: an interconnections map Use of weaponsUse of weapons of mass destructionof mass destruction Interstate conflictInterstate conflict Adverse outcomesAdverse outcomes of frof frontier technologiesontier technologies Geoeconomic Geoeconomic confrontation confrontation Ineffectiveness of Widespread cybercrime Ineffectiveness of Digital power concentrationDigital power concentration Widespread cybercrime multilateral institutions and cyber insecurity multilateral institutions and cyber insecurity Digital inequalityDigital inequality Terrorist attacks Terrorist attacks Misinformation and Misinformation and disinformation BrBreakdown of criticaleakdown of critical disinformation information infrastructurinformation infrastructuree EnvirEnvironmentalonmental damage incidentsdamage incidents Natural disasters and State collapse Natural disasters and State collapse extreme weather extreme weather FailurFailure to mitigatee to mitigate climate changeclimate change Large-scaleLarge-scale involuntary migrationinvoluntary migration Biodiversity loss andBiodiversity loss and Erosion of social cohesion Erosion of social cohesion ecosystem collapseecosystem collapse Proliferation of illicit Proliferation of illicit Failure of Failure of Natural rNatural resouresourcece economic activity economic activity climate-change SeverSevere mentale mental climate-change crises crises adaption health deteriorationhealth deterioration adaption Collapse of a systemically Infectious diseasesInfectious diseases Chronic health conditions Collapse of a systemically Chronic health conditions important supply chain important supply chain Employment crisesEmployment crises Failure to stabilize price trajectories Collapse or lack of public Failure to stabilize price trajectories Collapse or lack of public infrastructure and services infrastructure and services Debt crises Debt crises Cost-of-living crisis PrProlonged economicolonged economic Cost-of-living crisis downturdownturnn Asset bubble burstAsset bubble burst Nodes Edges Risk influence Relative influence High High Medium Medium Low Low Risk categories Economic Environmental Geopolitical Societal Technological Source World Economic Forum, Global Risks Perception Survey 2022-2023. Global Risks Report 2023 10