The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos, Reuters reports.
The Global Risks Report highlighted several top risks for 2018, including environmental threats from extreme weather and temperatures, economic inequalities and cyber attacks.
But most remarkable was the surge in geopolitical concerns after a year of escalating rhetoric between U.S. President Donald Trump and North Korean leader Kim Jong Un that has arguably brought the world closer to a nuclear conflict than it has been in decades.
Trump is due to give a speech on the closing day of the WEF, an annual event in the Swiss Alps which runs from Jan. 23-26 and will attract 70 heads of state and government, as well as celebrities, CEOs and top bankers.
It cited a rise in “charismatic strongman politics” across the world and said political, economic and environmental risks were being exacerbated by a decline in support for rules-based multilateralism.