Leading risk experts are pessimistic about the state of the global economy and they also fear a major social disruption in the next 12 months
Confidence about the state of the global economy has dipped for a second time, according to the World Economic Forum’s Global Confidence Index.
However, the Index also shows that there is higher optimism for global cooperation to address these risks.
Concern about a major societal disruption being likely or very likely to occur over the next 12 months has grown from 50% to 60% this quarter.
Over 1,000 global experts from the public and private sectors were sent the survey (the results of which are displayed on this page).
Among the respondents, 70% remain pessimistic about the global economic outlook, the same number as last quarter.
Confidence in global governance also remains low this quarter, with a consistent 60% of respondents signalling little trust in political leadership to deal with global risks.
One-third of the respondents expressed confidence in the state of global cooperation, compared with one-fifth three months ago.
“Looking at the European situation, it seems clear that optimism in the global economy will return when structural economic challenges are met with credible political solutions,” said Lee Howell, World Economic Forum Managing Director and head of the Forum’s Risk Response Network, which is responsible for publishing the annual Global Risks Report.
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