Economics
From Brexit to Trump, Polarization Heightens Risk, WEF Says
- Rising inequality, climate change touted to shape next decade
- Quantitative easing has widened income inequality, study says
WEF's Drzeniek-Hanouz: Populism Comes to Davos
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Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S. President-elect Donald Trump, the World Economic Forum said.
Climate change was underlined as the third major global trend in the WEF’s annual assessment of global risks, published on Wednesday at an event at Bloomberg LP’s European headquarters in London. It said world leaders must work together to avoid “further hardship and volatility in the coming decade.”