WEF Publishes 2019 Regional Risks for Doing Business Report
/On October 1, 2019 the World Economic Forum (“WEF”) published their 2019 Regional Risks to Doing Business Report (the “Report”).(1) The Report “offers a business perspective on the impact of global risks and illustrates how they are experienced differently in each region.”(1)
The Report tracks five risk categories using their Executive Opinion Survey and Global Risks Perception Survey. The only category of risk that ranked in the top 5 from both sets of respondents was technological risks. Cyber-attacks were listed as the most pressing risk for CEO’s in Europe and North America and in six of the 10 largest economies.
Based on data from the Report the top 10 business risks of highest concern globally are:
Fiscal crises
Cyber-attacks
Unemployment or underemployment
Energy price shock
Failure of national governance
Profound social instability
Data fraud or theft
Interstate conflict
Failure or critical infrastructure
Asset bubble
Top ten business risks listed by respondents in East Asia and the Pacific:
Natural catastrophes
Cyber-attacks
Interstate conflicts
Fiscal crises
Extreme weather events
Asset bubble
Data fraud or theft
Energy price shock
Unemployment or underemployment
Failure of national governance
Top ten business risks listed by respondents in Eurasia:
Profound social instability
Interstate conflict
Energy price shock
Fiscal crises
Unmanageable inflation
Failure of financial mechanism or institution
Data fraud or theft
Unemployment or underemployment
State collapse or crisis
Illicit trade
Top ten business risks listed by respondents in Europe:
Cyber-attacks
Asset bubble
Interstate conflict
Energy price shock
Fiscal crises
Data fraud or theft
Failure of national governance
Unemployment or underemployment
Large-scale involuntary migration
Profound social instability
Top ten business risks listed by respondents in Latin America and the Caribbean:
Failure of national governance
Profound social instability
Unemployment or underemployment
Fiscal crises
Failure of critical infrastructure
State collapse or crisis
Illicit trade
Energy price shock
Data fraud or theft
Large-scale involuntary migration
Top ten business risks listed by respondents in North America:
Cyber-attacks
Data fraud or theft
Terrorist attacks
Critical information infrastructure breakdown
Failure of critical infrastructure
Fiscal crises
Failure of national governance
Failure of climate-change adaptation
Extreme weather events
Natural catastrophes
Top ten business risks listed by respondents in South Asia:
Water crises
Terrorist attacks
Man-made environmental catastrophes
Failure of urban planning
Energy price shock
Deflation
Unemployment or underemployment
State collapse or crisis
Fiscal crises
Asset bubble
For additional regions download the Report at the link provided below.
