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These Are the Biggest Economic Risks Ahead

Experts weigh in on inflation, recession, stagflation and all of the other threats they see on the horizon.

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Photographer: Karl-Josef Hildenbrand/DPA/AFP/Getty Images

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We asked experts for their views on what poses the greatest threat to the economy. Their responses have been edited for length and clarity.

The biggest economic risk facing the world and in particular Europe today is the energy and food crisis. Firstly, a huge rise in prices makes it unaffordable for many people, not only the poor but also the lower middle class. A second consequence will be a greater risk of starvation in the Middle East and Africa, and energy shortages not just this winter but next winter. This raises the risk of social turbulence in Europe. In the Middle East and Africa, we’ve seen the Arab Spring about 10 years ago, and we know how that led to a lot of political and social turbulence.