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Global Risks Report
The Global Risks Report is an annual study published by the World Economic Forum ahead of the Forum’s Annual Meeting in Davos, Switzerland. Based on the work of the Global Risk Network, the report describes changes occurring in the global risks landscape from year to year and identifies the global risks that could play a critical role in the upcoming year. The report also explores the interconnectedness of risks, and considers how the strategies for the mitigation of global risks might be structured.
Sources for the report include an assessment by several major insurance and reinsurance companies and focus workshops, interviews and a survey of internationally recognised experts. The report is intended to raise awareness about the need for a multi-stakeholder approach to the mitigation of global risk.
== Global Risks Report 2009 ==
The Global Risks report 2009 identifies deteriorating fiscal positions, a hard landing in China, a collapse in asset prices, gaps in global governance and issues relating to natural resources and climate as the pivotal risks facing the world this year. While Global Risks 2008 highlighted food security, systemic financial risk and supply chain risk as areas of focus for the short term, Global Risks 2009 focuses on the impact of the financial crisis on levels of economic risk and its implications for other risk areas. The 2009 report stresses the importance of considering the long-term implications of many of the decisions taken today in response to immediate financial and economic challenges. The report also explores how the lack of effective global governance was a factor in the financial crisis and could potentially exacerbate a number of other global risks if not properly addressed.〔(''China slowdown 'big global risk' '' ), BBC News, 13 January 2009, retrieved on 13 January 2009〕〔(''World faces risks from climate change to China slump'' ), Reuters, 13 January 2009, retrieved on 13 January 2009〕〔(''World WEF warns govt bailouts could backfire'' ), Agence France Presse in Mail & Guardian, 13 January 2009, retrieved on 13 January 2009〕〔(''Study sees risk of $1 trillion asset collapse'' ), Associated Press in Salon.com, 13 January 2009, retrieved on 14 January 2009〕〔(''World Economic Forum highlights Chinese slump as biggest risk to global economy'' ), The Daily Telegraph, 13 January 2009, retrieved on 13 January 2009〕〔(''China Growth Slump Poses Global Risk, Report Says'' ), Wall Street Journal, 13 January 2009, retrieved on 13 January 2009〕
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