Rampant inflation, a developing debt crisis and cost-of-living issues are the biggest threats to doing business in G20 countries over the next two years, according to data from the World Economic Forum (WEF).

 This is reported by Reuters.

 Inflation has jumped to levels not seen in decades, prompting a third of G20 countries to cite rising prices as their top concern, according to a survey of executives by the World Economic Forum's Center for New Economies and Societies.

 While central banks around the world have embarked on an aggressive policy tightening path, their efforts to curb inflation risk triggering a recession in the global economy.

 The poll, which is being conducted ahead of COP27 in Egypt and the G20 summit in Indonesia later this month, also found that environmental concerns have taken a back seat for the first time in years as the world deals with more pressing socio-economic issues, ranging from the fallout from Russia's war against Ukraine to cost of living crisis.

 Cyberattacks, despite cases of data leakage and technological security threats, are among the least frequently mentioned risks.

 Inflation in the world's largest economies has reached its highest level since the early 1980s and has exceeded 10% in some of them.