Global short- and long-term risks (Global Risks Report 2023)
THE RETURN TO THE “NEW NORMAL” AFTER THE COVID-19 PANDEMIC WAS QUICKLY INTERRUPTED BY THE OUTBREAK OF WAR IN UKRAINE, WHICH LED TO THE CURRENT FOOD AND ENERGY CRISES
Current risks with the greatest potential impact on a global scale
More than 2/3 of respondents expect constant volatility in the short term and 1/3 for the entire decade
In the short term, the “cost-of-living crisis” generates social unrest
Next decade conditioned by environmental and social crises, driven by underlying geopolitical and economic trends
Expert Perspectives (Chief Economists Outlook)
A CONTEXT OF HIGH ECONOMIC AND POLITICAL UNCERTAINTY IN WHICH ECONOMIC AGENTS WILL HAVE TO ADAPT TO PERSISTENT HEADWINDS IN 2023
Nearly 2/3 of respondents consider a global recession in 2023
Consensus on weak growth in Europe in 2023
High inflation expectations in Europe for 57% of respondents and only 5% in China
Weak demand and high cost of borrowing are the main challenges for business activity