Top 5 Global Economic Concerns

The ongoing Covid-19 pandemic has fueled global pessimism regarding future economic recovery. This pessimism is evident in the World Economic Forum (WEF)'s *The Global Risks Report 2022*.

The WEF survey reveals that approximately 84% of respondents feel worried and concerned about the current global situation, while only about 16% express a positive and optimistic outlook.

Furthermore, around 89% of respondents believe the global situation will continue to deteriorate in the coming years, with only 11% anticipating an improvement.

Here are the top 5 economic issues causing the most global concern:

1. Debt Crisis

The WEF survey indicates that 13.8% of respondents consider the debt crisis to be worsening since the pandemic, affecting individuals, businesses, and governments alike. A majority of respondents fear this debt crisis will lead to widespread defaults, mass bankruptcies, or a liquidity crisis in the coming years.

2. Stagnant Economy

Besides debt, another major concern is stagnant economic growth. 6.9% of respondents worry that the prolonged pandemic will hinder long-term economic growth.

3. Asset Bubble

Another significant economic concern is the asset bubble. 6.7% of respondents fear that soaring asset and property prices will become unaffordable for the general public, posing a risk of a large-scale financial crisis.

4. Industry Collapse

Many people worldwide are also concerned about the potential collapse of numerous industries in the coming years. 4.1% of respondents fear that such collapses will directly impact public welfare.

5. Price Instability

Finally, global instability in prices is a major concern. 3.3% of respondents feel that the stability of goods and services prices has worsened since the start of the Covid-19 pandemic.

(See also: Impact of the Pandemic: 7.06 Percent of Micro, Small Industries Closed at the End of 2020)