Brasilia – The fiscal crises in key economies, unemployment, water crises, severe income disparity and failure of adaptation to climate change are the main concerns identified in the ninth edition of the 2014 Global Risks Report by the World Economic Forum, released this Thursday (16) by the organizers of the event.
The main risks the forum participants identified were fiscal crises in key economies, structurally high unemployment or underemployment, the water crises, severe income disparity, failure of climate change mitigation and adaptation, greater incidence of extreme weather events, global governance failure, food crises, failure of a major financial mechanisms and institutions and profound political and social instability.
The document adds that, “if global risks are not effectively addressed, their social, economic and political fallouts could be far-reaching, as exemplified by the continuing impacts of the financial crisis of 2007-2008.”
*Translated by Silvia Lindsey
