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WEF: Biggest risk to economy is cost-of-living crisis and social unrest

It's little wonder the World Economic Forum's latest report, based on the insights of more than 1,200 experts, finds the biggest short-term risk to the world economy is today's globalized cost-of-living crisis and widespread social unrest.

A homeless person's tent along the K Street lobby and advocacy corridor in Washington, D.C.
A homeless person's tent along the K Street lobby and advocacy corridor in Washington, D.C. (AN/J. Heilprin)

Food and energy prices weaponized by the war in Ukraine. Compounding crises from health and economic aftereffects of the COVID-19 pandemic. Inflation soaring to levels unseen in decades.

It's little wonder the World Economic Forum's Global Risks Report on Wednesday, based on more than 1,200 experts' insights, finds the biggest short-term risk to the world economy is today's globalized cost-of-living crisis and widespread social unrest.

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