
WEF report lists biggest global risks
China DailyImpressions from the World Economic Forum Annual Meeting 2023 in Davos-Klosters, Switzerland, Jan 16. State-based armed conflicts, extreme weather events, and geoeconomic confrontation topped the first three risks for the year, according to the World Economic Forum's Global Risks Report 2025 released on Wednesday. "Rising geopolitical tensions and a fracturing of trust are driving the global risk landscape," Mirek Dusek, managing director of the World Economic Forum, told media at an online briefing of the report. "Fear and uncertainty cloud the outlook in various parts of the world, including Ukraine, the Middle East, and Sudan, with multilateral institutions struggling to provide effective mediation and work toward resolutions," said the report. Carolina Klint, chief commercial officer of Marsh McLennan Europe, a professional services firm in risk management and insurance brokerage, said, "We will likely see trade wars develop."
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