Unemployment termed ‘top global risk’ for business

By Bahattin Gonultas

ANKARA

Business leaders around the world considered high level of unemployment as the top global risk amid high socio-political concerns, according to a survey by World Economic Forum (WEF).

Unemployment financial crises, national governance failure, energy price shock, social instability, financial institution failure, critical infrastructure shortfall, large cyber-attacks, interstate regional conflicts and terrorist attacks were among the top ten risks for business leaders, revealed the WEF’s Executive Opinion Survey 2017.

Meanwhile, in Turkey, regional conflict was the top concern for the business world. Terrorist attacks, financial crisis, national governance failure and involuntary migration were regarded as other risks.

Executive Opinion Survey is an annual poll in which more than 12,400 executives across 136 countries including Turkey were asked to identify the global risks of highest concern for doing business in their country.