The world faces a set of risks that feel both wholly new and eerily familiar. The Global Risks Report 2023 explores some of the most severe risks we may face over the next decade. As we stand on the edge of a low-growth and low-cooperation era, tougher trade-offs risk eroding climate action, human development and future resilience.

In summary, cost of living dominates global risks in the next two years while climate action failure dominates the next decade, with biodiversity loss and ecosystem collapse, viewed as one of the fastest deteriorating global risks over the next decade.

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