Tags: EU | Davos | Global Risks

Growing Gap between Rich and Poor Seen as Key Economic Risk

Growing Gap between Rich and Poor Seen as Key Economic Risk

Wednesday, 11 January 2017 05:22 AM

LONDON (AP) — The World Economic Forum says "rising income and wealth disparity" is likely to be the biggest driver in global affairs over the next ten years.

As well as reviving economic growth around the world, the WEF says there is a need to reform market capitalism to remedy fractures in society evident in a surge in anti-establishment populism around the world, most notably in the election of Donald Trump as U.S. president and Britain's vote to leave the European Union.

Other key drivers identified in Wednesday's survey of the global risk landscape related to climate change, rising cyber dependency and an aging population.

The WEF organizes next week's gathering of the global political and business elites in the Swiss ski resort of Davos.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
The World Economic Forum says "rising income and wealth disparity" is likely to be the biggest driver in global affairs over the next ten years.As well as reviving economic growth around the world, the WEF says there is a need to reform market capitalism to remedy fractures...
EU,Davos,Global Risks
124
2017-22-11
Wednesday, 11 January 2017 05:22 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved