Soaring food and energy prices could persist ‘for next two years’

Warning comes in annual global risks report for next week's World Economic Forum in Davos

Soaring prices for energy and food could persist for the next two years, hurting global efforts to combat poverty and the climate crisis, a report prepared for next week's World Economic Forum in Davos, Switzerland, has warned.

The WEF's annual global risks report found the international cost of living crisis unleashed by the Covid pandemic and Russia's war in Ukraine topped the list of concerns in a survey of more than 1,200 global experts, policymakers and business leaders.