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Unemployment is world's biggest risk, business leaders say

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Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by the World Economic Forum.

Unemployment rates have rocketed due to lockdowns and other restrictions to combat the coronavirus pandemic, with fears of worse to come in countries which have furloughed workers.

“As we emerge from the crisis, leaders have a remarkable opportunity to create new jobs, support living wages, and reimagine social safety nets to adequately meet the challenges in the labour markets of tomorrow.” The study surveyed respondents’ views of 30 risks in total. Worries about the spread of infectious diseases have also come to the fore, rising 28 places from last year’s survey.

 

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