Study warns against unemployment risks to business

A World Economic Forum (WEF) survey warned that unemployment poses greater risks to businesses globally.

The company executives put unemployment or underemployment as the top risk over the next 10 years, followed by fiscal crises and the failure of national governance, according to data from the WEF’s Executive Opinion Survey published on Wednesday.

The survey of 12,411 executives across 136 countries provides a backdrop for WEF’s Global Risks report published shortly before its annual January meeting in Davos, Switzerland, according to a spokesman for insurance broker Marsh. Marsh is part of Marsh & McLennan, which published the data together with Zurich Insurance.

“Geopolitical risks and events have led to uncertainties which raise questions about how to manage resilience in uncertain times,” said John Scott, chief risk officer, commercial insurance, at Zurich.

For businesses in North America, East Asia and Pacific regions, the biggest risks were considered to be cyber-attacks and asset bubbles.

(REUTERS)