Business security

Greatest risks to global business do not include Brexit or Trump - WEF

The biggest risks to doing business worldwide do not involve Brexit, terrorism or populism, according to the latest report released by the World Economic Forum (WEF).

The Global Risks Report 2017 says the greatest threats are posed by unemployment or underemployment, energy price shock, deflation, fiscal crises and asset bubbles in the main economies.

“This year’s findings are testament to five key challenges the world now faces. The first two are in the economic category, in line with the fact that rising income and wealth disparity is rated by respondents to the Global Risks Perception Survey as the most important trend in determining global developments over the next 10 years,” the report reads.

Failure of the major financial institutions, unmanageable inflation, and the shortfall in critical infrastructure are among the most significant concerns, according to the WEF.