Salient to Investors:
The World Economic Forum said the widening income inequality poses the most likely threat to the global economy over the next decade. Jennifer Blanke at the Forum said people won’t stand for it.
David Cole at Swiss Re said the balkanizing of finance, aversion to migration and reduced willingness of companies to invest are potential sources of the inequality of income problem as they leave the world lacking enough jobs.
The Forum said the risk of greatest concern in the next 12 months was of fiscal turmoil in key economies, followed by high unemployment and water crises, while weather, unemployment and climate change are the most probable risks to emerge in the coming 10 years.
Read the full article at http://www.bloomberg.com/news/2014-01-16/income-inequality-most-likely-threat-to-world-economy-wef-says.html
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