Resource Scarcity Top Extreme Risk

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    Resource scarcity is the top extreme risk that would have the highest impact on global economic growth and asset returns, says a biennial report from Towers Watson. Its current list is a significant overhaul from the 2011 list as only economic depression was in the top five both years, dropping to fourth from the top spot in 2011. The top five after resource scarcity are economic stagnation, global temperature change, economic depression, and global trade collapse. In 2011, hyperinflation, banking crisis, and currency crisis followed depression and sovereign default. It is the first time that stagnation, global temperature change, and global trade collapse have made the list, which was started in 2009.