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erienewsnow.com 11 Jan, 2022 16:15 am

Global experts are very worried about the future, Davos survey finds - Erie News Now

Global experts are very worried about the future, Davos survey finds - Erie News Now
By Charles Riley, CNN Business

expect the next three years to be characterized by either consistent volatility and multiple surprises or fractured trajectories that will separate relative winners and losers," WEF said.With only half of the world's population fully vaccinated, WEF said that vaccine inequality is creating a divergent economic recovery "that risks compounding pre-existing social cleavages and geopolitical tensions."The economic fallout from the pandemic is compounding with labor market imbalances, protectionism, and widening digital, education and skills gaps that risk splitting the world into divergent trajectories," said WEF, which announced last month that it would delay its 2022 summit in Davos, Switzerland." Risks are also emerging miles above the Earth, according to WEF, which said that space is becoming increasingly militarized at the same time as new commercial operators upset the traditional balance of power in the ungoverned frontier.

They worry that an uneven economic recovery could deepen divisions within societies and between countries." Only 11% of the nearly 1,000 experts and leaders who responded to the group's survey expect the global economic recovery to accelerate over the next three years.

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