Today,s world is a world of dynamic changes. Progress in the world has also brought some notable risks. This article is all about the top 5 global risks this world may face in 2019. These 5 global risks are based on the recent world economic forum’s annual report. These 5 global risks may affect all species on Earth.

1-Geopolitical 

Middle East map – photo via pixabay.com

Tensions between major world powers have been on the rise. These include trade war between the United States and China and territorial disputes both on land and sea. We recently witnessed a major military standoff between India and Pakistan. While both are nuclear arch Rivals. At the same time, other countries continue to pursue their interests in the troubled Middle East. Multilateralism continues to you weaken as countries like the USA withdraw, threaten to withdraw, from International agreements and institutions, and adopt a selective approach in upholding norms and rules. Borge Brende, president of world economic forum writes ” renewing and improving the architecture of our national and international is political and economic systems are this generation’s defining task.”

2-Macroeconomic

Depiction of declining economies – photo credit pixabay.com

Global economic growth is expected to slow down over the next few years. For example, the growth figure of China, which stood at 6.6 percent in 2018, is likely to reduce to 5.8 percent by 2022. Income and wealth disparities, particularly within countries, continue to rise negatively. This is affecting social and economic setups. The Global Debt burden, at 225 percent of the GDP, is also considerably high. This is causing debt distress in middle-income countries. Moreover, with high financial market volatility and potential asset bubbles in major economies, the possibility of another financial crisis cannot be ruled out.

3-Environmental:

An overview of rising sea levels – Photo via pixabay.com

Extreme weather is a major concern today, coupled with climate inaction and environmental policy failure. Natural disasters such as storms and floods, continue to claim lives, damage infrastructure, and cost countries Millions. Climate change is also causing a widespread biodiversity loss, resulting in the extinction of living species, and harming ecosystems, including forests and oceans. Another major environmental risk is the impact of the sea level on coastal cities and communities. Today, 570 coastal cities around the world are home to over 800 million people. Rising sea levels not only threaten property and infrastructure, but also have an adverse impact on drinking water, energy, sanitation, internet, and tourism.

4-Technological Changes:

Technology is posing threat to privacy – photo via pixabay.com

While Technology creates convenience and efficiency, it also so brings with it risks of data fraud and cyber attacks. Such risks are profound for the financial sector, with many central and commercial banks becoming targets of Cyber attacks in recent years. Enormous data breaches have revealed new hardware weaknesses, while research has pointed to the potential use of artificial intelligence to perpetrate such attacks. Identity theft and fake news are among other technological vulnerabilities that are likely to increase in the coming months and years, necessitating countries and organizations to strengthen their system to counter such risks.

5- Human and Biological:

Symptoms of Aedes Egyptee – photo credit pixabay.com

Today, around 700 million people worldwide suffer from mental health problems. Depression is undoubtedly becoming more common. The report also points to psychological stress. This results from a lack of control in an uncertain times. This is termed as another growing phenomenon. Mental problems are increasingly linked to the technological, societal and work-related transformations that are taking place around us. Similarly, diseases such as Ebola, MERS, Zika and yellow fever have been on the rise, with frequent disease outbreaks affecting over 44 million people since 1970. The human risk dimension also includes involuntary migration which causes serious challenges to the migrants as well as the communities hosting them.

The Global Risks report 2019 calls for cooperation among countries to tackle these intensifying risks. It presents the lack of collective will thus far, admonishing that the world main finds itself sleepwalking into a crisis if constructive efforts are not made soon enough.