Economic Forum Survey: Unemployment is the biggest risk facing the world in the next 10 yearsi2020-10-08 | 08:38

[Mary B]

Economic Forum Survey: Unemployment is the biggest risk facing the world in the next 10 yearsi2020-10-08 | 08:38

 

 

 

 

 

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A survey conducted by the World Economic Forum showed that unemployment is the biggest concern over the next ten years for business executives around the world, followed closely by fears of the spread of infectious diseases.

Unemployment rates had risen sharply due to the general isolation measures and other restrictions imposed to address the Coronavirus pandemic, and fear spread about the deterioration of conditions in the countries that have temporarily laid off workers.

She saidSadiaZahidi Managing Director bWorld Economic Forum "The employment disruptions caused by the pandemic, increased automation, and the shift to more environmentally conscious economies are fundamentally changing labor markets."

 

 

 

 

 

"As we emerge from the crisis, leaderships have a wonderful opportunity to create new jobs, support wages that guarantee a minimum standard of living, and re-imagine social safety nets to adequately address the challenges in the labor markets in the future," she added.

The Regional Risks of Doing Business survey, in which the opinions of 120 business leaders in 127 countries were surveyed, is part of the Global Competitiveness Report issued byWorld Economic Forum next month.

 

The survey showed that fears of financial crises, cyber attacks and severe social unrest came in the third, fourth and fifth places, respectively.

The forum said climate change risks also rose in its 30-item list of risks, while fears of militant attacks subsided.

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