Uganda, Jan. 17 -- The Global Risks Report 2023 by the World Economic Forum has raised various risks which will affect countries around the world Uganda inclusive.

A risk is the chance of something happening that will have an effect on the economy and people's lives. The level of risk reflects: the likelihood of the unwanted event or the potential consequences of the unwanted event.

The World Economic Forum states the Global risks ranked by severity over the short and long term.

The World Economic Forum points out in their latest report that cost of living dominates global risks in the next two years while climate action failure dominates the next decade.

The next decade will be characterised by environmental and societal crises, driv...