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| Click on image to enlarge |
High-Impact/High-Likelihood
Quadrant
Source: WEF
Global Risks Report
Colour code:
risks are ranked from Low (blue) to High (red)
The World
Economic Forum methodology is briefly outlined below, and the top risks, as
illustrated above, are listed.
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| Click on image to enlarge |
The
animated version of Visualized: A Global Risk Assessment of 2021 and Beyond provides an even better visualization, with annotations like the following:
1.
Unsurprisingly, ‘Infectious
diseases’ is one of the top risks by both likelihood and risk.
2.
Youth aged 15-24 today are
staring down a turbulent future – chief among
the risks they face being disrupted educational and economic prospects along
with potential mental health challenges.
3.
The world’s economic output
suffered greatly in 2020, and could continue to stall as monetary stimulus
proves less effective while pushing debt/GDP levels higher.
4.
Although COVID-19 has
accelerated the Fourth Industrial Revolution, its benefits are not
all-inclusive – and may worsen
existing inequalities.
5.
Several countries are off-track
in meeting emissions goals set by the Paris Climate Agreement in 2015. COVID-19 has also delayed progress in the
shift to a carbon-neutral economy.
Note: Economists
are apparently required to write within the constraints of their profession (the
dismal science).