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What today's risk management & insurance professionals need to know about the changing world of risk.
Released last week, the 14th annual World Economic Forum Global Risks Report portrays a dark outlook on international economic and political relations. The report names these rising tensions as the most urgent risk in 2019 as 90% of experts say they expect further economic confrontation between major powers in 2019.
The report incorporates the results of the annual Global Risks Perception Survey of approximately 1,000 experts and decision-makers. This year’s results point to a deterioration in economic and geopolitical conditions. Trade disputes worsened rapidly in 2018 and the report warns that growth in 2019 will be held back by continuing geo-economic tensions, with 88% of respondents expecting further erosion of multilateral trading rules and agreements.
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