Marsh, WEF forecast tough economic decade ahead

In the Global Risks Report 2024, a survey of business and economic experts from around the world highlighted steep economic hurdles lying ahead for the world in the next 10 years, as a culmination of environmental risks, geopolitical tensions, and the proliferation of multiple information sources. These mounting risks will haunt economies and plunge many into recessions.

The report analyses global risks through three time frames to support decision-makers in balancing current crises and longer-term priorities. Pointing to shocks facing economies in the future, the report revealed that base effects, which were predicted to fall off from the risk outlook perceptions, will have long-bearing effects on long-term horizons.