The World Economic Forum’s (WEF) Global Risks Report 2025 reveals that armed conflict reigns as the top concern for the year ahead, significantly impacting economic stability globally.
Rising Tensions
According to the report, nearly one in four experts surveyed—over 900 respondents from various sectors—ranked conflict, including wars and terrorism, as the most significant threat to economic growth. This increase in concern reflects the world’s deepening political fragmentation and instability.
Extreme Weather Still a Worry
Extreme weather, which topped the 2024 risk agenda, occupies the second position for immediate dangers this year. The findings correlate with recent climate events, having seen global temperatures breach critical limits outlined in the 2015 Paris Agreement—the first instance of exceeding the 1.5 degrees Celsius threshold.
Insights from WEF Leadership
Mirek Dusek, WEF Managing Director, underscored the urgency of fostering collaboration to mitigate escalating risks, stating, “The stakes have never been higher.” He urged global leaders to address both immediate and long-term threats to stability.
A Meeting of Global Leaders
The annual WEF gathering runs from 20 January 2025 in Davos, where prominent figures like newly inaugurated President Donald Trump and Ukraine’s President Volodymyr Zelenskiy are expected to participate. Their discussions will likely center on the ongoing Ukraine conflict and humanitarian crises in regions like Gaza.
Underlying Trends and Future Risks
Experts predict that a multipolar and fragmented global order will persist, with 64% of respondents indicating this trend. The long-term risks, including biodiversity loss and resource shortages, continue to dominate global conversations.
Final Thoughts
With escalating tensions and climate emergencies, the WEF’s report serves as a crucial reminder for global stakeholders to act decisively. Only through collaboration can we hope to face these compound threats and secure a stable economic future.