This report summarises the headline results and policy recommendations from the Global Futures project. A full description of the project background, objectives, methodology, results and conclusions is provided in the accompanying Technical Report.

This report looks at the physical effects of our changing climate. It explores risks today and over the next three decades, and examine cases to understand the mechanisms through which physical climate change leads to increased socioeconomic risk.

This report provides information on the major threats that may impact global prosperity in 2020 and over the next decade. The 15th edition of the report draws on feedback from nearly 800 global experts and decision-makers who were asked to rank their concerns in terms of likelihood and impact.

Global growth is projected to reach 2.5 percent in 2020, slightly faster than the post-crisis low registered last year. This World Bank flagship report argues that urgent action is needed to implement measures to rebuild the macroeconomic policy space and to undertake reforms to rekindle productivity growth.

This analysis highlights the intense pressure on young Australians. Young people facing long-term unemployment today are worse off than a decade ago, when far fewer of them – one in ten jobseekers – were unemployed for a year or more, compared with the nearly one in five now.