5 Grand Risks of 2020, according to the World Economic Forum

1. Economic impact = 78.5%
2. National political liberalisation = 78.4%
3. Extreme heat waves = 77.1%
4. Destruction of natural resource ecosystems = 76.2%
5. Cyber attacks on infrastructure = 76.1%.

“Economic and political publicisation is expected to increase this year, and for this co-operation among directors, companies and policymakers from around the world have become more necessary than ever, in order to respond to serious climate, environmental, health and technological threats”, the report writes.

This clearly requires a <x0 multilateral approach, a commitment to ease the risks, at a time when the world can no longer expect the distribution of fog caused by geopolitical disorder”.

For this year, the report envisions an increase in national and international divisions and a slowdown in the economy, as indicated by the IMF and OECD.

Geopolitical turmoil is pushing us towards a unilateral scenario of “sustainability” with the face of major rival powers, at a historic moment in which corporate and institution management must co-operate, and urgently focus on managing common risks.

Over 750 global experts and decision-makers have drawn up a list of key concerns, in terms of probability and impact, and 78% said they expect an increase of “economic confrontation” and “national political statement” in 2020.

The consequences could result in catastrophic, especially in the face of urgent challenges to cope with, such as the climate crisis, loss of biodiversity, and rapid decline in species. The report, created in co-operation by Marsh & McLannan and Cyril Insurance Group, led by CEO Mario Greco, define the need for policymakers to coordinate the planet's defence objectives and for economic progress. While for companies, it stresses the need to adjust science-based goals to avoid the risk of catastrophic losses in the future.

For the first time in the ten-year perspective of the survey, all five global threats to the probability concern the environment. The report raises the alarm about:

1. Extreme weather events with considerable damage to property, infrastructure and life loss.
2. The failure of measures to ease and change climate by governments and companies.
3. Environmental damage and man - made disasters, including environmental crimes, such as oil spills and radioactive pollution.
4. The significant loss of biodiversity and the collapse of land or marine ecosystem, with irreversible impacts on the environment, which cause a serious shortage of resources for mankind and businesses.
5. Serious natural disasters, such as earthquakes, tsunamis, volcanic eruptions, and geomagnetic storms.

The report also underscores the need for interest parties to adjust to “the historical change of current powers” and geopolitical instability, in any case by preparing for the future, in order to avoid running out of available time to meet some of the most urgent economic, environmental and technological challenges.

Therefore, areas in which the intervention of companies and policy makers is more necessary are reported.

“The political landscape is polarised, sea level is increasing and climate change is now a reality. 2020 should register the co-operation of world leaders with all sectors of society in order to strengthen our co-operation systems, not only to obtain an advantage in the short term, but to be able to cope with even the deepest risks”, said Böge Brande, president of the World Economic Forum.

Rijsk's Global Report is an integral part of the global Youth Initiative, which unites the parties interested in developing sustainable and integrated solutions to solving the most pressing problems worldwide. This year's report clearly focuses on the consequences of growing inequality, gaps in technology management and health systems under pressure. / Business Insiderbota. al