LONDON (Reuters) – A chronic gap between rich and poor is yawning wider, posing the biggest single risk to the world in 2014, even as economies in many countries start to recover, the World Economic Forum said on Thursday.
Its annual assessment of global dangers, which will set the scene for its meeting in Davos next week, concludes that income disparity and attendant social unrest are the issue most likely to have a big impact on the world economy in the next decade.
The forum warned there was a "lost" generation of young people coming of age in the 2010s who lack both jobs and, in some cases, adequate skills for work, fuelling pent-up frustration.
This could easily boil over into social upheaval, as seen already in a wave of protests over inequality and corruption from Thailand to Brazil.
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