From zombie companies to urban mobility: Swiss Re's SONAR examines the emerging risks set to shape a post-COVID-19 world

• COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can cut up to 24% of current CO2 emissions from fuel combustion
• SONAR report identified emerging technological risks around biased product testing and restarting dormant industries

As the COVID-19 crisis continues to play a defining role in the lives of millions of people across the world, Swiss Re's SONAR 2021: New Emerging Risks Insights identified the threats that will shape the future post-COVID-19 risk landscape. These emerging risks range from the unintended consequences of government interventions through to the dangers of restarting under-maintained industrial facilities. The report also highlighted the urgent need to decarbonise the global economy, especially in the area of urban transport.

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