Prognosis
Covid-19 Pandemic Could Be Source of Global Crises for Years: WEF
- WEF survey shows economic risks among biggest knock-on effects
- Leaders urged to boost resilience and fight misinformation
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The coronavirus has exposed the “catastrophic effects” of ignoring long-term risks such as pandemics, and the economic and political consequences could cause more crises for years to come, according to the World Economic Forum.
The WEF’s annual survey of global risks lists infectious disease and livelihood crises as the top “clear and present dangers” over the next two years. Knock-on effects such as asset bubbles and price instability lead concerns over 3-5 years.