The Global Risks Report 2023

The prolonged COVID-19 pandemic profoundly affected human health and the world’s economy. When the pandemic receded, the carbon emissions that feed climate change rose – and Russia’s invasion of Ukraine disrupted energy and food supply chains. According to the World Economic Forum’s (WEF) salient report on worldwide risks, produced in partnership with Marshall McLennan and the Zurich Insurance Group, these events fueled global inflation. With nations facing massive debt and inflation, the cost of living worldwide soared to unprecedented levels, as did income inequality and social conflict. The WEF warns that not all economies and societies will bounce back from these compounding crises.