The Global Risks Report 2022 is an annual report by the World Economic Forum that analyzes the risks from societal fractures, manifested in persistent and emerging risks to human health, rising unemployment, widening digital divides, youth disillusionment and geopolitical fragmentation.
Businesses risk a disorderly shakeout which can exclude large cohorts of workers and companies from the markets of the future. Environmental degradation—still an existential threat to humanity—risks intersecting with societal fractures to bring about severe consequences.
In its 17th Edition, and for Tunisia, the GRP has identified five risks.
First, the “State collapse” in a country where one of the most important institutions is frozen. “Debt crises” in an economy that lives on foreign financial aid injections and where GDP does not exceed 0.3% (3rd quarter 2021 figure).
“Employment and livelihood crisis” with unemployment at 18.4% and inflation at 6.6%. “Prolonged economic stagnation” with GDP barely rising from zero in 2019, entering a full-blown recession in 2020, and recovering to 0.3% in Q3 2021.
And finally, still according to the GRP, “proliferation of illicit economic activity” with a parallel economy already estimated at over 40% of GDP.
