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News Summary: Davos Forum Warns Over Income Gap

By The Associated Press

DISPARITY THREAT: The gap between the rich and the poor is the most likely threat to the global economy in coming years, the World Economic Forum said Thursday.

LOST GENERATION: In a risk assessment ahead of the gathering of political and business leaders in the Swiss ski resort of Davos, the forum warned of a "lost generation" of young people that could stoke tensions in society.

RISK OF UNREST: "The generation coming of age in the 2010s faces high unemployment and precarious job situations, hampering their efforts to build a future and raising the risk of social unrest," the Forum said in Global Risks 2014, which was compiled with contributions by 700 global experts.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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