Davos 2025

War Anxiety Grips Davos Experts With Ukraine Peace Still Elusive

Ukrainian servicemen fire on Russian positions in Kharkiv region, Ukraine.
Photographer: Alex Babenko/AP Photo

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By Alessandra Migliaccio

January 15, 2025 at 9:15 AM UTC

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War is the top worry wracking the nerves of risk experts surveyed by the World Economic Forum, despite incoming US President Donald Trump’s vow to end hostilities in Ukraine.

“State-based armed conflict” is the most pressing immediate concern for 2025 cited by about a quarter of the 900 respondents in an annual survey released just days before the organization’s elite gathering in the Swiss mountain resort of Davos.