WEF lists biggest risks world faces in 2021
by Nidhi Bhati
World Economic Forum (WEF)’s has cited climate action failure as the biggest risk that may impact global prosperity in 2021 in its latest Global Risks report. Infectious diseases has been ranked second biggest risk followed by livelihood crises, social cohesion erosion, biodiversity loss, debt crises, prolonged stagnation of economies, extreme weather and human environmental damage. The WEF report further highlighted that the immediate human and economic costs of Covid-19 are severe. They threaten to scale back years of progress on reducing global poverty and inequality and further damage social cohesion and global cooperation, which were already weakening before the virus struck, it noted.
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