WEF: Inflation Crisis/Climate Crisis Greatest Global Threats

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CNBC:

  • The World Economic Forum’s annual Global Risks Report found the cost of living crisis and climate change are the biggest short and long-term global risks right now, respectively.
  • “We see a return of some older risks that we felt we had made good progress in terms of solving, but are now very much back on the risk map,” Carolina Klint, risk management leader for Continental Europe at Marsh, told CNBC.
  • The report says the world must collaborate more effectively on climate mitigation and adaptation over the next decade, to avoid “ecological breakdown” and continued global warming.

The report, which has been published ahead of the Davos summit for the last 17 years, factors the views of 1,200 figures across the private and public sectors.

This year’s edition — produced with professional services firm Marsh McLennan and Zurich Insurance Group — said that Russia’s war in Ukraine and the Covid-19 pandemic had propelled the energy crisis, food scarcity and inflation as the most pressing global issues.

“We’re looking at something that feels new, but at the same time eerily familiar,” Carolina Klint, risk management leader for Continental Europe at Marsh, told CNBC’s Joumanna Bercetche.

The impact of the cost of living crisis on vulnerable populations are “very difficult to accept,” Klint said. Read More …

Opinion: “Europe would be easier to understand if one captain was steering the ship” said Jean Claude Junker, former European Commission President, September 13, 2017.

One is coming from Europe, according to Daniel 9:27:

“ … And the people of the prince who is to come Shall destroy the city and the sanctuary.”

  • People of the prince who is to come – Rome destroyed Jerusalem and Temple, 70 AD
  • Prince – Antichrist

“And then the lawless one will be revealed, whom the Lord will consume with the breath of His mouth and destroy with the brightness of His coming” 2 Thess. 2:8

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