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Is it time to modernize the global financial system? Modernizing the global financial system to reflect the increasing concentration of poverty and climate impacts in conflict-affected communities couldn’t be more urgent For the first time in two decades, extreme poverty is on the rise, with countries impacted by conflict and fragility expected to be home to two-thirds of those living in
Navigating Global Financial System Fragmentation <p>As states increasingly use the global financial system to advance geopolitical objectives, there is a risk of financial system fragmentation This report aims to measure the costs of fragmentation and proposes frameworks to both protect the integrity of the global financial system and design economic statecraft policies that protect national security and sovereignty without reducing global
Heres how to strengthen the global financial system At the global level, financial fragmentation could reduce global economic productivity and contribute to rising inflation New research from the economic consulting firm NERA suggests that one-year economic output losses from fragmentation could range from about 0 5% to 5% of global gross domestic product (GDP), depending on the degree of
5 transformational trends shaping global finance Global fiscal support during the COVID-19 pandemic era alone lifted government debt to a record $50 trillion among developed economies This, and higher interest rates than experienced in the past two decades, is likely to lead to higher risk premium for additional debt issuance -- and higher debt servicing costs
Cyberattacks threaten global financial stability, IMF warns | World . . . In the past two decades, nearly one-fifth of reported cyber incidents have affected the global financial sector, causing $12 billion in direct losses to financial firms, according to the IMF’s Global Financial Stability Report Since 2020, direct losses amounted to an estimated $2 5 billion
How can financial institutions power inclusive development? Driving sustainable solutions to tackle global crises will require dynamic renewed partnerships and collective action amongst governments, multilateral organizations, private sector and the social economy – a diverse landscape of citizen-led initiatives that often have potential for scaled impact and accounts for approximately 7% of global GDP
Global Risks Report 2025: ‘bleak’ outlook for the decade ahead | World . . . In this year’s World Economic Forum Global Risks Report, based on the annual Global Risks Perception Survey (GRPS), the answer is particularly sobering “Bleak” is the umbrella adjective describing the overall state of things in its current, 2-year and 10-year outlook prediction ranges
Global Risks Report 2023 | World Economic Forum The World Economic Forum's Global Risks Report 2023 explores some of the most severe risks we may face over the next decade that include energy supply and food crisis, rising inflation, cyberattacks, failure to meet net-zero targets, weaponization of economic policy, weakening of human rights
Global Risks Report 2024 - The World Economic Forum Higher interest rates amid slowing growth will strain debt loads for the public and private sector alike The corporate debt default rate remains far lower than peaks hit during the 2008-09 Global Financial Crisis (Figure 1 19) The majority of corporate debt is also years from maturity Less than 14% of S P 500 debt is set to mature in the
New Report Charts Roadmap to a Quantum-Secure Financial System Given the global nature of the financial sector, international alignment and cross-border collaboration can also boost innovation, bolster security and reduce vulnerabilities The white paper also lays the groundwork for future discussions between industry stakeholders and regulatory authorities regarding securing the financial sector for a