We’re in the “age of competition” as global risks continue to spiral in “scale, interconnectivity and velocity,” according to the World Economic Forum’s latest Global Risks Report (pdf). More global leaders (+14% y-o-y) are anxious about the short-term outlook, but see more stability in the ten years to come.

The methodology: The report features the latest edition of the forum’s global risks perception survey, drawing on insights from more than 1.3k global leaders and experts.

Respondents cited geoeconomic confrontation (18%) as most likely to present a “material crisis on a global scale” this year. State-armed conflict came second on the list (14%), followed by extreme weather events (8%), societal polarization (7%), and misinformation and disinformation (7%). Economic downturn, erosion of human rights, and the adverse outcomes of AI technologies also made the list.

What about Egypt? Local business leaders, responding as part of an executive opinion survey, pointed to inflation as one of the top five risks facing Egypt over the two years to come. Second on the list is an economic downturn, followed by debt (be it public, corporate, or household), the bursting of the asset bubble, and wealth and income inequality.

The way forward: “In part because of the precarious fiscal positions of many leading economies, access to capital and control over capital flows could become a fresh front of geoeconomic confrontation. Governments could turn to more aggressive policies to shape the global monetary system to their advantage,” the report read.

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