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Report release by World Economic Forum (WEF)
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It describes changes occurring in the global risks landscape from year to year and identifies global catastrophic risks.
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The report also examines the interconnectedness of risks and considers how the strategies for the mitigation of global risks might be structured.
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Aim: To highlight the risks and consequences of widening inequalities and increasing societal fragmentation, due to the COVID-19 pandemic, in 2021 and over the next decade.
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Top Risk by Impact: The risk posed by infectious diseases has been ranked as no. 1 on the list of risks.
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Climate concerns: Despite the impact of COVID-19, climate-related matters make up the bulk of this year’s risk list. The report has described these threats as an existential threat to humanity.
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Widening digital gaps: Digitalization which was accelerated by the pandemic is widening the digital gap between individuals and across countries. Thereby it is aggravating existing inequalities, polarization, and regulatory uncertainties.