Overview of the Global Risk Report 2024
In the context of the World Economic Forum, held in Davos on January 15-19, 2024, and the global challenges, trends and risks discussed at the forum, the Ukrainian Startup Fund offers you a brief overview of global risks considered in the Global Risks Report 2024, published by the World Economic Forum in partnership with Marsh McLennan and Zurich Insurance Group. More detailed information, research and findings can be found in the full version of the Global Risks Report 2024.
The Global Risks Report 2024 presents the results of the Global Risks Perception Survey (GRPS), which provides statistical data from nearly 1,500 experts around the world. The report analyzes global risks through the prism of three time frames: one, two and ten years. The first section discusses the most serious current risks, and those that received the highest rating from survey respondents. The second section looks at the 10-year outlook in the context of risks that will arise in the next decade against the backdrop of geostrategic, climate, technological and demographic shifts, and the third section is devoted to considering different approaches to addressing global risks.
According to the Global Risk Perception Survey, the risks that will occur as of 2024 are categorized as follows:
Source: World Economic Forum Global Risk Perceptions Survey 2023-2024
The impact of the COVID-19 pandemic and the ongoing Russian-Ukrainian war have exposed the cracks in societies. The majority of respondents (54%) to the Global Risk Perception Survey expect some instability, with another 27% expecting more turbulence and 3% expecting global catastrophic risks to materialise in the short term. Only 16% expect a stable or calm outlook over the next two years.
The Global Risks Report 2024 ranks the top ten global risks over the next two years and the next ten years by severity:
Source: World Economic Forum Global Risk Perceptions Survey 2023-2024
The key conclusion of the study of risks in the short and long term is the need to combine efforts both locally and internationally. It is in this unity that lies the key to mitigating global risks, one of the sources of which is global fragmentation. Collective actions by individuals, companies and countries may seem insignificant in themselves, but when they reach a critical mass, they can drive global risk reduction. Finally, it is cross-border cooperation that remains critical to risk. While the next decade will mark the beginning of a period of significant change that will increase adaptive capacity, individual efforts, while sharing priorities for the future and focusing on research and development, can help make the world safer and help reduce the impact of inevitable global risks.
