Soaring living costs most serious short-term risk facing world: report

The World Economic Forum released its 2023 Global Risks Report, which examines how widening geopolitical, economic and societal fissures will worsen the global crisis to come. It says conflicts have caused deeply interconnected global risks, and that energy and food shortages will continue to plague the world over the next two years, sharply increasing costs of living. The report also calls on more effective international cooperation to tackle climate issues.

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