Increasing social disparities threatens economy over the next three to five years, warns WEF
The World Economic Forum warns that the pandemic is increasing social disparities that will threaten the economies. It's a lesson for other future risks like the climate emergency.
For the World Economic Forum (WEF) 2020, it brought a lesson for all countries about the "catastrophic effects" that involve ignoring long-term risks, such as infectious diseases. In the Global Risks Report 2021 released this Tuesday, the organization points to consequences such as the widening of social disparities, which will threaten the economy in the next three to five years and which will weaken geopolitical stability later on.
If the Covid-19 pandemic was a wake-up call for governments, the WEF continues to consider that the climate emergency is at the top of the risks both in the likelihood of it happening and in the impact it may have on the next decade in societies and economies . The report dedicated to risks is published every year before the Davos meeting (in Switzerland) which in 2021 will take place via live streaming for the first time.