NYT--Just a few weeks before Davos, the World Economic Forum has released its Global Risks Report 2009, in which it underlines not only an increasing systemic risk across the globe, but the potential for a collapse in asset prices, a slowdown in China and a retrenchment from globalization.
“The fact that the risk of an asset price collapse remains the strongest risk on the landscape on the severity and likelihood axes illustrates the continuing uncertainty about the resilience of the global economy and the effectiveness of fiscal and monetary responses, governance and regulation,” the report says.
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