Annual Global Risks Report

As per the annual Global Risks Report published by Geneva-based World Economic Forum (WEF), the biggest global risk in terms of likelihood is 'severe income disparity' for the next 10 years, while 'major systemic financial failure' will be the topmost risk before the world in terms of impact. The report said that Switzerland is best placed among the world's 10 major economies for adapting to or recovering from global economic and environmental risks. While India is ranked ninth in terms of its ability to tackle global economic risks, it comes last at tenth position for environmental risks. Italy is ranked lowest at tenth position for economic risks. The rankings of the 10 major economic of the world -- Brazil, China, Germany, India, Italy, Japan, Switzerland, Russia, the UK and the US -- are based on a Global Risks Perception Survey of over 1,000 experts from across the world.