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Global businesses see fiscal crises, cyberattacks as leading risks, survey shows

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Global businesses see fiscal crises, cyberattacks as leading risks, survey shows

Business executives see fiscal crises, cyberattacks and unemployment or underemployment as the three biggest risks to doing business at a global level, according to a World Economic Forum survey.

"At a time when global economic growth appears fragile, business leaders are deeply concerned by their governments' fiscal resilience," said Emilio Granados-Franco, head of global risks and geopolitical agenda at the World Economic Forum.

On a regional level, the survey results, based on 12,897 responses from business executives in 133 economies, varied from one region to another.

The threat of cyberattacks was the chief concern for businesses in Europe and North America, while environment-related risks topped the list in South Asia and East Asia and the Pacific.

In the Middle East and North Africa, energy price volatility was the biggest risk.

"Only by addressing economic risks and societal, technological, and environmental risks in an integrated manner, can stakeholders truly build resiliency," Granados-Franco said.

The survey was carried out between January and April, in partnership with Marsh & McLennan Cos. Inc. and Zurich Insurance Group AG.