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The biggest risk to the global economy in 2019


After an intense week at the World Economic Forum (WEF) in Davos, Switzerland, the world’s most powerful people laid bare the things that worry them the most.

Earlier this month, WEF released its annual ‘Global Risks Report’ that highlighted and ranked the urgent risks facing the world right now. The report, based on a survey of roughly 1,000 top business executives, politicians and experts, noted that the following five risks were considered the most likely to happen in 2019:

  1. Extreme weather events (such as floods and storms)

  2. Failure of climate-change mitigation and adaptation

  3. Major natural disasters (such as earthquakes and tsunami)

  4. Massive incident of data fraud/theft

  5. Large-scale cyberattacks

But speaking to Yahoo Finance UK’s Alanna Petroff in Davos, there was one key issue that was worrying them the most — the US-China trade war. Check out the video above to hear what they said.

A woman walks past a map showing the elevation of the sea in the last 22 years during the World Climate Change Conference. Photo: REUTERS/Stephane Maher
A woman walks past a map showing the elevation of the sea in the last 22 years during the World Climate Change Conference. Photo: REUTERS/Stephane Maher