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Why we need to be realistic about generative AI’s economic impact
Technology’s impact on productivity growth has been consistently overstated — are analysts repeating that mistake with generative AI? Large productivity shifts are driven by cost reduction —generative AI can do this, but the likely macroeconomic impact should not be overstated
The Future of Jobs Report 2025 | World Economic Forum
The Future of Jobs Report 2025 brings together the perspective of over 1,000 leading global employers—collectively representing more than 14 million workers across 22 industry clusters and 55 economies from around the world—to examine how these macrotrends impact jobs and skills, and the workforce transformation strategies employers plan to
This is what the climate crisis is costing economies around the world
Extreme weather events and climate-related disasters have caused significant economic losses, reaching nearly $1 5 trillion in the decade to 2019 The international system has struggled to make the required progress on climate change, according to the World Economic Forum’s Global Risks Report 2023
An economist explains what COVID-19 has done to the economy
COVID-19 has caused an economic shock three times worse than the 2008 financial crisis Europe and emerging markets have been hit hard economically, China has escaped a recession But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit
This is how climate change could impact the global economy
The largest impact of climate change is that it could wipe off up to 18% of GDP off the worldwide economy by 2050 if global temperatures rise by 3 2°C, the Swiss Re Institute warns Forecast based on temperature increases staying on the current trajectory and the Paris Agreement and net-zero emissions targets not being met
Why oil prices matter to the global economy - The World Economic Forum
Oil prices have since risen sharply to nearly $100 per barrel following strong economic recovery post-lockdowns As the economy grows so does the demand for oil Moreover, rising geopolitical tensions between Russia and Ukraine and in the Middle East are stoking supply fears This is contributing to rising inflation and concerns about economic
2023 was a big year for cybercrime - The World Economic Forum
To prevent and curtail the impact of cyberattacks, organizational communication and culture around security are key, according to a UK government report Having a formal cybersecurity strategy and regular risk reviews that extend to supply chains are also important, as well as robust incident response plans and training, it says
5 economists on long-term economic trends - The World Economic Forum
The economic divisions have only been heightening in recent months as the US has implemented steep tariffs on major trading partners, kicking off a cycle of tit-for-tat trade restrictions Nonetheless, Ossa added that while we the global economy is experiencing some geo-economic fragmentation, “we don't see yet any de-globalisation ”