Unemployment is biggest risk for business: World Economic Forum survey

Men looking at recruiting information during a job fair in Seoul, South Korea, on April 12, 2017. PHOTO: REUTERS

LONDON (REUTERS) - Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on Wednesday (Sept 20).

The company executives put unemployment or underemployment as the top risk over the next 10 years, followed by fiscal crises and the failure of national governance, data from the WEF's Executive Opinion Survey showed.

The survey of 12,411 executives across 136 countries provides a backdrop for the World Economic Forum's Global Risks report published shortly before its annual January meeting in Davos, Switzerland, according to a spokesman for insurance broker Marsh. Marsh is part of Marsh & McLennan, which published the data together with Zurich Insurance.

"Geopolitical risks and events have led to uncertainties which raise questions about how to manage resilience in uncertain times," said John Scott, chief risk officer, commercial insurance, at Zurich.

For businesses in the North America, East Asia and Pacific regions, the biggest risks were considered to be cyber attacks and asset bubbles.

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