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COVID-19 Risks Outlook
Article

COVID-19 Risks Outlook

A Preliminary Mapping and Its Implications



Editorial Rating

8

Qualities

  • Analytical
  • Background
  • Concrete Examples

Recommendation

Global efforts to contain and mitigate the damage caused by the novel coronavirus pandemic have revealed a number of weaknesses in political, economic and societal systems in many nations. While the long-term effects of the crisis remain uncertain, it’s no surprise that, according to the World Economic Forum’s survey of nearly 350 senior-level executives, the world’s top risk managers see a deep recession as the biggest threat. The report offers a nuanced look at how COVID-19 might skew tax policy, sabotage sustainability efforts and create destabilizing levels of unemployment.  

Take-Aways

  • The coronavirus pandemic could result in a prolonged recession.
  • Lockdowns helped reduce emissions; but, ultimately, the pandemic could undermine climate change mitigation efforts.
  • COVID-19 could take a sustained toll on jobs and wages.

About the Authors

The World Economic Forum is an NGO committed to improving the state of the world via public-private cooperation. The organization is headquartered in Switzerland.