Enterprise leaders worry recession, labour shortages, World Financial Discussion board says

LONDON (Reuters) – Enterprise leaders globally are fearful concerning the threat of recession, labour shortages and rising inflation, regardless of some indicators of enchancment in financial circumstances, a World Financial Discussion board survey stated on Thursday.

Excessive climate occasions are an rising concern, following a yr of document temperatures, extreme flooding and wildfires, together with in main economies akin to Brazil, Germany, Indonesia and the USA, in accordance with the survey of greater than 11,000 enterprise leaders from G20 nations.

The WEF Government Opinion Survey reveals “a big degree of tension amongst enterprise leaders in G20 nations”, stated Carolina Klint, chief business officer, Europe at Marsh McLennan (NYSE:MMC), a WEF accomplice, together with Zurich Insurance coverage.

Financial downturn is seen as the highest threat for enterprise leaders over the subsequent two years, adopted by labour and/or expertise shortages after which inflation. Poverty and inequality ranked fourth, and excessive climate occasions got here in fifth, the survey confirmed.

In particular person nation surveys, considerations about opposed dangers from know-how, together with synthetic intelligence, featured extremely, coming in as the highest threat for doing enterprise in Indonesia, quantity three in the USA and quantity 4 in Britain, the survey confirmed.