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Global Risk Report 2009 warns of risks to Global Economy

by Amy Judd | January 13, 2009 at 07:22 pm

703 views | 12 Recommendations | 2 comments

The Global Risk Report for 2009, released January 13th, speaks about challenging risks to the world economy for the coming year. It outlines a collapse in the global economy, issues relating to natural resources and the threat of climate change facing the world, but also facing our pocket book.

Sheana Tambourgi, Director and Head of the Global Risk Network at the World Economic Forum, said: “Global Risks 2009 builds on the work of previous years and highlights the need for concerted action to mitigate risks that now more than ever are global in their nature and in their impact, as illustrated by the financial crisis. But the same is true for other risk areas; global risks require a multistakeholder response and cannot be appropriately tackled in isolation.”

The report is based on an assessment of global risks and workshops throughout 2008, and when last year's report was released it actually spoke of a crisis in the financial area of the world as well as threats to energy sources worldwide.
This year's report speaks about the danger of governments supporting financial institutions and how it is dangerous to address the problem without looking at the cause of the problem.
The report goes on to talk about the problem with ignoring risks related to natural resources. Water is the key to generating energy according to the report, and it warns that if we don't look beyond non-renewable sources of energy then we will miss what natural resources we can develop in an environmentally friendly way.
The report says that the poorest nations will suffer from climate change the most because they do not have the money to implement the necessary change.
It will be interesting to see what the year ahead will bring.

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SOLARLIFE

at 06:55 on January 14th, 2009

Global risk for economy, good awareness article. We should have all some cash, but just I spend my money for the "Everything must go winter sales" good offers. I am bad example, but I had some fun that makes me fit for the struggle for change

March 2009 the critical point for US economy, car industry again CH11 ?

Marisa Olivia

at 16:59 on January 18th, 2009

So right on. It's difficult to watch the bailouts of companies and institutions whose policies are clearly bad ones. Doesn't make too much sense to reward them for their bad behavior - at the same time, it's just as bad that the US economy has put so much stock into these large corporations, and now our financial well-being depends on them. The focus will have to continue to shift towards better natural resource policy, or we'll likely find ourselves in a situation we can't get out of...