Chief Risk Officers Outlook: July 2023

A survey of the World Economic Forum's community of chief risk officers highlights a range of global risks with the potential to threaten economic growth, destabilize global markets and disrupt broader business operations over the next six months.

This first edition of the Chief Risk Officers Outlook launches against a backdrop of economic instability and political tensions. The aim of the outlook is to provide a midyear pulse check from the perspective of on-the-ground risk practitioners, conducted through a new survey of the World Economic Forum’s community of chief risk officers.

The results point to a range of global risks with the potential to threaten economic growth, destabilize global markets and disrupt broader business operations. Chief risk officers expect continuing volatility in geopolitical and geoeconomic relations between major economies, with the majority anticipating upheavals at a global scale over the next six months. Key concerns include risks relating to macroeconomic indicators, pricing and / or supply disruptions of key inputs, armed conflicts and / or use of weapons, and regulatory changes, compliance and enforcement.