Global Risks Report 2026

Croatia 01 st Inflation 02 nd Talent and/or labour shortages 03 rd Economic downturn (e.g. recession, stagnation) 04 th Asset bubble burst 05 th Misinformation and disinformation Czechia 01 st Misinformation and disinformation 02 nd Debt (public, corporate, household) 03 rd Economic downturn (e.g. recession, stagnation) 04 th Talent and/or labour shortages 05 th Societal polarization Democratic Republic of the Congo 01 st Lack of economic opportunity or unemployment 02 nd Insufficient public services and social protections (incl. education, infrastructure, pensions) 03 rd State-based armed conflict (proxy, civil wars, coups, terrorism, etc.) 04 th Decline in health and well-being 05 th Biodiversity loss and ecosystem collapse Denmark 01 st Geoeconomic confrontation (sanctions, tariffs, investment screening etc.) 02 nd Cyber insecurity 03 rd Economic downturn (e.g. recession, stagnation) 04 th Misinformation and disinformation 05 th Disruptions to critical infrastructure Dominican Republic 01 st Insufficient public services and social protections (incl. education, infrastructure, pensions) 02 nd Extreme weather events (floods, heatwaves etc.) 03 rd Debt (public, corporate, household) 04 th Economic downturn (e.g. recession, stagnation) 05 th Lack of economic opportunity or unemployment Ecuador 01 st Crime and illicit economic activity 02 nd Lack of economic opportunity or unemployment 03 rd Insufficient public services and social protections (incl. education, infrastructure, pensions) 04 th Economic downturn (e.g. recession, stagnation) 05 th Debt (public, corporate, household) Egypt 01 st Inflation 02 nd Economic downturn (e.g. recession, stagnation) 03 rd Debt (public, corporate, household) 04 th Asset bubble burst 05 th Inequality (wealth, income) El Salvador 01 st Insufficient public services and social protections (incl. education, infrastructure, pensions) 02 nd Lack of economic opportunity or unemployment 03 rd Erosion of human rights and/or civic freedoms 04 th Economic downturn (e.g. recession, stagnation) 05 th Debt (public, corporate, household) Estonia 01 st Economic downturn (e.g. recession, stagnation) 02 nd State-based armed conflict (proxy, civil wars, coups, terrorism, etc.) 03 rd Geoeconomic confrontation (sanctions, tariffs, investment screening etc.) 04 th Inflation 05 th Talent and/or labour shortages Finland 01 st Economic downturn (e.g. recession, stagnation) 02 nd Debt (public, corporate, household) 03 rd Geoeconomic confrontation (sanctions, tariffs, investment screening etc.) 04 th Lack of economic opportunity or unemployment 05 th Misinformation and disinformation France 01 st Decline in health and well-being 02 nd Economic downturn (e.g. recession, stagnation) 03 rd Insufficient public services and social protections (incl. education, infrastructure, pensions) 04 th Lack of economic opportunity or unemployment 05 th Extreme weather events (floods, heatwaves etc.) Gabon 01 st Lack of economic opportunity or unemployment 02 nd Inequality (wealth, income) 03 rd Insufficient public services and social protections (incl. education, infrastructure, pensions) 04 th Debt (public, corporate, household) 05 th Decline in health and well-being Gambia (Republic of The) 01 st Lack of economic opportunity or unemployment 02 nd Crime and illicit economic activity 03 rd Insufficient public services and social protections (incl. education, infrastructure, pensions) 04 th Decline in health and well-being 05 th Inequality (wealth, income) Georgia 01 st Cyber insecurity 02 nd Lack of economic opportunity or unemployment 03 rd Biodiversity loss and ecosystem collapse 04 th Adverse outcomes of artificial intelligence technologies 05 th Cyber warfare Germany 01 st Adverse outcomes of artificial intelligence technologies 02 nd Economic downturn (e.g. recession, stagnation) 03 rd Disruptions to critical infrastructure 04 th Decline in health and well-being 05 th Insufficient public services and social protections (incl. education, infrastructure, pensions) TABLE C.2 Top five risks identified by the Executive Opinion Survey (EOS) 2025 Global Risks Report 202684