Cost-of-living crisis stands as the biggest threat to UAE businesses: WEF report

RIYADH: The global cost-of-living crisis poses the largest threat to businesses in the UAE in the coming two years, according to the World Economic Forum’s Global Risks Report 2023.  

Sustained high inflation and severe commodity price shocks also threatened business health in the country, showed the report findings, which have been given a fresh analysis by US-based professional services firm Marsh McLennan.

The report identified the aforementioned obstacles as the biggest short-term critical threats to business continuity and economic growth in the UAE.