The report is released by World Economic Forum (WEF).
The report identifies global catastrophic risks and examines the interconnectedness of global risks and describes strategies by which mitigation of global risks can be structured.
The broad five risks identified by the report,
Changing climate and extreme weather events
Rising Cyber dependency and rising cases of data fraud/theft
Increasing polarization of societies
Rising income and wealth disparity
Increasing national sentiment
The report warns about threat to global economic growth due to continuing geo-economic tensions, erosion of multilateral trading rules and agreements and increasing disruptions due to Fourth Industrial Revolution.
The report calls for a coordinated, concerted action to sustain growth and to tackle grave threats facing the world today like tackling the global trade and economic growth risks. The report also seeks greater action against rising levels of psychological strain around the world.
