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Khaled Kazem Aboudouh https://orcid.org/0000-0001-6782-2859

Abstract

Key messages

  • Rising Cost of living crisis” is among the most severe global risks that a large segment of the world's population will face during the next two years and will reach its peak in the short term.
  • The economic effects of the Corona pandemic and the war in Ukraine has led to high inflation rates, and an era of low growth has begun, and investment has declined. Therefore, governments and central banks are likely to face inflationary pressures over the next two years.
  • Economic warfare is likely to become the norm, due to the increasing clashes among global powers and state interventions in markets over the next two years.
  • The future may hold an increase in volatility and risks in multiple and parallel fields, which threatens security in many regions of the world. Simultaneous shocks, closely interrelated risks, and eroding resilience may lead to an increased risk of multiple crises.

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Section
Security Perspectives
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