World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


World Economic Forum's Global Risks Report 2018

World Enters Critical Period of Intensified Risks in 2018 - World Economic Forum's Global Risks Report 2018

At 10pm NZ time last night, The World Economic Forum launched its annual Global Risks Report which, every January, shares the perspectives of global experts and decision-makers on the most significant risks that face the world.

The report cautions that we are struggling to keep up with the accelerating pace of change. It highlights numerous areas where we are pushing systems to the brink, from extinction-level rates of biodiversity loss to mounting concerns about the possibility of new wars. The prospect of strong economic growth in 2018 however does present leaders with a golden opportunity to address signs of severe weakness in many of the complex systems that underpin our world, such as societies, economies, international relations and the environment.

From a New Zealand standpoint, five top risks were identified –

1. Natural catastrophe
2. Extreme weather events
3. Large cyber attacks
4. Asset bubble
5. Urban planning failure

Overall, the report suggests that experts are preparing for another year of heightened risk. Three key findings emerged from this year’s survey:

• Structural and interconnected nature of risks in 2018 threaten the very system on which societies, economies and international relations are based.
• The positive economic outlook gives leaders the opportunity to tackle systemic fragility affecting societies, economies, international relations and the environment..
• Environmental risks dominate the Global Risk Perception Survey for the second year running; when we asked about risk trajectories in the coming year, 59% of answers pointed to increasing risks.

For more information on the Global Risks Report 2018:
• Read the report launch press release here
• Watch the report launch press conference at
• Follow the Forum on Twitter at and join the conversation using hashtag #risks18
• Read the Forum Agenda at
• Find out more about the Annual Meeting 2018 at

© Scoop Media

World Headlines


UN Rights Office On Syria: The “Monstrous Annihilation” Of Eastern Ghouta

Since the Syrian Government and their allies escalated their offensive against opposition-held Eastern Ghouta on 4 February, there have been more than 1,200 civilian casualties, including at least 346 killed and 878 injured, mostly in airstrikes hitting residential areas... Ninety-two of these civilian deaths allegedly occurred in just one 13-hour period on Monday. More>>


Cyclone Gita: 70% Of Tonga Population Affected

The full scale of destruction is beginning to emerge from Tonga in the aftermath of the severe tropical cyclone Gita. Around 50,000 people, or almost 70% of the country’s population, have been affected, a third of whom are children. More>>


Gita: Samoas Clean Up After Being Swamped By Cyclone

Apia in the wake of Gita Photo: Rudy Bartley The clean up is continuing in the two Samoas after Tropical Cyclone Gita hit on Saturday morning. More>>


Grand Coalition : Germany's two main political parties set to govern under Angela Merkel.

The liberal-conservative Christian Democratic Union (CDU) and the centre-left Social Democrats (SPD) negotiated through the night in a marathon final push to nail down an agreement. More>>

80 Passengers: Kiribati Ferry Disaster

The United Nations Children’s Fund (UNICEF) and the World Health Organization (WHO) are working with the Government of Kiribati to support children, families and communities affected by the recent Butiraoi ferry disaster. More>>


Campbell On: the US demonising of Iran

Satan may not exist, but the Evil One has always been a handy tool for priests and politicians alike. Currently, Iran is the latest bogey conjured up by Washington to (a) justify its foreign policy interventions and (b) distract attention from its foreign policy failures. More