Publication

The WEF's 2009 Global Risks report focuses on the effects of the global financial crisis and its implications for those risks that came to the fore of the Global Risk Network assessment for 2009. They include: a sudden further drop in China's growth to 6 percent or below; deteriorating fiscal positions; further asset price falls; increasing resource-related risks due to climate change; and the failure of global governance to mitigate global risks. The highly interconnected nature of these risks means that their impact is truly global. The economic outlook for 2009 is a grim one for most economies; markets remain volatile, liquidity has not returned, unemployment is rising, and consumer and business confidence has fallen to record lows.