Stepping 2022, the world continues to suffer from the COVID-19 pandemic, affecting the global economy and triggering multiple risks in the years to come. Additionally, the inequality in vaccination also increases the risks of social disruption and geopolitical tension.
Assessing more foreseeable risks, extreme weather and climate action failure will be leading worldwide hazards due to global warming throughout the coming years. It is also highlighted that new and upcoming risks include cybersecurity failures, climate change mitigation, “involuntary migration”, and “militarization of space”. Furthermore, “debt crises” has also become one of the top 10 hazards to address in the short term. Organizations around the world must rely on multilateral cooperation to avert these risks in the short, mid, and long term.