An Overview Of The 2024 Global Risks Report And Implications To Zimbabwe’s Economic Growth, Development And National Competitiveness

According to the World Economic Forum (WEF), “Global risk” is defined as the possibility of the occurrence of an event or condition which, if it occurs, would negatively impact a significant proportion of global GDP, population or natural resources. From this definition, it is apparent that global risk has negative consequences on national competitiveness, hence it is worth exploring and conscientize economic agents so that they prepare accordingly.

The Global Risks Report is produced by the WEF from the institution’s Global Risks Perception Survey (GRPS), which was undertaken from 4 September to 9 October 2023 by the organisation’s Partner Institutes in 113 countries by 11 000 business leaders and 215 subject-matter experts and complemented by the Executive Opinion Survey (EOS).

The Global Risks Report analyses global risks over one-, two- and 10-year horizons to support decision-makers in adopting a dual vision that balances short- and longer-term risks.

The 2024 Global Risks Report looks at four structural forces and systemic elements of the global landscape that will shape the materialization and management of global risks over the next decade: These are:

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An Overview Of The 2024 Global Risks Report And Implications To Zimbabwe’s Economic Growth, Development And National Competitiveness