According to the WEF Global Risks Report 2024, the top-of-mind concerns among Asia’s executives are economic in nature: Seven out of 11 markets in the region consider economic downturn as the top risk, followed by concerns about talent shortage and inflation.
Although more than 60% of the top five risks of concern among Asia’s executives comprise of economic risks, the global aggregate paints a different picture, with misinformation and disinformation as the top risk followed by extreme weather events, societal polarisation, cyber insecurity, and interstate armed conflict.
As competing priorities wrestle for attention, businesses need to understand how risks can cause ripple effects across the globe, as an extreme weather event can be exacerbated by geoeconomic and societal risks.