China has been a key driver of global growth for a number of years, but Asia's rising influence on the global economy and its critical role in growth is spreading. Consider, for example, the latest Chief Economists Outlook, which saw much more optimism for growth on the continent - with the notable exception of China - than in other regions.
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Health was a major focus in 2024, shaping global news and driving key discussions at the World Economic Forum. From climate change health impacts to the rise of antimicrobial resistance and improving health equity for women, here are 6 top health stories of the year.
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The global financial crisis revealed significant weaknesses in the financial system and some of the vulnerabilities that can result from having such an interconnected global market. Several years after the crisis, the world economy is still struggling with slow growth, unconventional monetary policy in major economies, and constrained government budgets.
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Despite 30 years of global climate advocacy and diplomacy, the international system has struggled to make the required progress on climate change. The potential failure to address this existential global risk first entered the top rankings of the Global Risks Report over a decade ago, in 2011. Today, atmospheric levels of carbon dioxide ...
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Global cooperation is at a low point and conflict is escalating. Traditional leaders and institutions, such as the WTO and UN, have recently proved ineffective in delivering broad global consensus, or serving as a platform to resolve disputes.
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In April, the World Trade Organization (WTO) raised its global trade growth forecast. It subsequently revised expectations upwards, from 2.6% to 2.7%, in October due to resilience in demand despite ongoing geopolitical challenges.
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Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade patterns.
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The World Economic Forum’s Global Risks Report 2024 says the biggest short-term risk stems from misinformation and disinformation. In the longer term, climate-related threats dominate the top 10 risks global populations will face. Two-thirds of global experts anticipate a multipolar or fragmented order to take shape over the next decade.
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Understand the importance of global collaboration with stories from the World Economic Forum addressing global challenges through multilateralism and partnerships. Global Cooperation Thought leadership, solutions and analysis on the world's biggest challenges.
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The lack of global collaboration is in turn also undermined by domestic political trends (83%) but also strongly affected by geopolitical tensions (91%). The chief economists were asked to assess whether a trade-off exists between growth and four other potential policy goals: environmental sustainability, economic equality, social cohesion and national security.
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