The biggest problems for G20 countries doing business in the next two years are out-of-control inflation, a growing debt crisis, and high costs of living, according to data released by the World Economic Forum on Monday.
The World Economic Forum’s Center for the New Economy and Society’s Executive Opinion Survey showed that inflation has risen to levels not seen in decades. This has led a third of G20 countries to say that rising prices are their biggest worry.
Even though central banks around the world have started to tighten their policies in a big way, their attempts to stop inflation could send the world economy into a recession.
The survey, which was done before the COP27 in Egypt and the G20 summit in Indonesia later this month, also showed that environmental concerns have taken a back seat for the first time in years as the world deals with more immediate social and economic problems like the fallout from the Ukraine war and the cost of living crisis.
Even though there are more data breaches and technology-based security threats, cyber attacks were one of the least often mentioned risks.
