Economic-related issues lead business executives' concerns worldwide, according to the World Economic Forum's (WEF's) Regional Risks for Doing Business 2019 report. The survey of nearly 13,000 business leaders across more than 130 countries identified fiscal crises as the greatest risk to businesses globally.
Two other top risks also were economic in nature, with unemployment or underemployment ranking third and energy price shock coming in fourth. The survey also notes those two risks' links to social disruption, tying them to failure of national governance and profound social instability--ranked fifth and sixth, respectively. Respondents identified cyberattacks as their second biggest challenge.
"At a time when global economic growth appears fragile, business leaders are deeply concerned by their governments' fiscal resilience," says Emilio Granados-Franco, head of Global Risks and Geopolitical Agenda at the Geneva-based WEE
The report also cites region-specific findings, noting that environmental risks were the top...