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The Handelot Times
Markets

Inflation and the climate crisis are today’s main concerns

According to the Global Risks Report 2023 of the World Economic Forum (WEF), conflicts of a geopolitical nature continue to dominate the global scenario (first and foremost, the war between Russia and Ukraine, which shows no sign of abating), generating difficulties in the supply of natural resources, foodstuffs, energy, as well as economic tensions.

The Handelot Times Issue 46, August 2023 6 min read

According to the Global Risks Report 2023 of the World Economic Forum (WEF), conflicts of a geopolitical nature continue to dominate the global scenario (first and foremost, the war between Russia and Ukraine, which shows no sign of abating), generating difficulties in the supply of natural resources, foodstuffs, energy, as well as economic tensions.

The rising cost of living and public debt, together with the growing risk of recession, risk undermining the efforts made to contain the major long-term threats.

In fact, if the main danger to face in the next two years will be inflation (followed by natural disasters and extreme weather events), climate change (with consequent loss of biodiversity and collapse of ecosystems) will represent the biggest obstacle in the next ten years.

This is what was stated by over 1,200 experts from various areas (including academics, politicians, and business people) in the latest edition of the Wef report. Risks that are completely new but frighteningly old In the past year, problems have re-emerged that seemed long gone in space (such as the war in Europe) and also in time (such as inflation). As well as the food and energy crises, which in the West seemed to be only a distant memory (so much so that a large part of today’s public and private ruling class has not had direct experience of them). But not only.

The rest of this article is in the magazine Continue in issue 46

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