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(Explains the Chief Executive’s comments as amended in paragraph 4)
Written by Elisa Martinuzzi
LONDON (Reuters) – Armed conflict is the biggest risk by 2025, a World Economic Forum (WEF) study released on Wednesday, a reminder of the world’s deepening divide as government and business leaders of the annual meeting in Davos next week.
Nearly one in four of more than 900 experts surveyed across academia, business and policy-making ranked conflict, including war and terrorism, as the biggest risk to economic growth for of next year.
Extreme weather, no. 1 to worry about in 2024, it has become a secondary risk.
“Increasing political conflict and the erosion of confidence are driving the risk environment around the world,” said WEF Director Mirek Dusek in comments accompanying the report. “In this complex and dynamic environment, leaders have a choice: find ways to promote cooperation and stability, or face increasing limitations.”
The WEF begins on January 20 and Donald Trump, who will be sworn in as the 47th president of the United States, will address the conference around January 23. Ukrainian President Volodymyr Zelenskiy will attend the meeting and give a speech on Jan. 21, according to WEF organizers.
Trump’s advisers believe the conflict in Ukraine will take months or longer to resolve, Reuters reported on Wednesday, a sharp reality check on his commitment to a peace deal on his first day in office. at the White House.
Among other world leaders due to attend the Davos meeting are European Commission President Ursula von der Leyen and Chinese Vice Premier Ding Xuexiang.
Syria, the “horrendous humanitarian situation in Gaza” and the possible escalation of conflict in the Middle East will be the focus of the conference, according to WEF President and CEO Borge Brende.
Brokers were presenting the final details of a ceasefire in Gaza on Wednesday, following marathon talks in Qatar. The threat of false information and disinformation has been ranked as the world’s worst risk in the next two years, according to the survey, the same situation as in 2024.
Over 10 years, environmental threats dominated experts’ risk concerns, research has shown. Extreme weather has become the world’s top long-term threat, followed by loss of biodiversity, major changes in the global system and scarcity of natural resources.
Global temperatures last year exceeded 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels for the first time, bringing the world closer to breaking the commitments governments made under the UN climate agreement. 2015 in Paris.
A global risk is defined by the study as a situation that could affect a large part of the world’s GDP, population or natural resources. The experts were evaluated in September and October.
The majority of respondents, 64%, expect a separate, fragmented world order to continue.