The World Economic Forum's report highlights the concern that increasing government debt could lead to full-blown debt crises in 2010. Major economies have taken measures such as stimulus packages and supporting private debt, causing deficits to rise. While these steps may have prevented a more severe recession, the growing levels of debt are now worrying financial markets. Developed nations are particularly at risk, as many emerging economies have already taken steps to address their fiscal challenges. The WEF report emphasizes the rising risk of sovereign defaults due to unprecedented levels of government debt incurred in response to the recession. He warned that increased unemployment rates could result, leading to potential social and political risks. The report identified unsustainable debt levels, the looming threat of a financial crisis, underinvestment in infrastructure, and the rise of chronic diseases like Alzheimer's and diabetes as key risks. Other potential threats mentioned included the possibility of asset price collapse, risks associated with Afghanistan, and a potential slowdown in Chinese growth which could impact employment and exports. The report also emphasized the danger of developed nations accumulating unsustainable levels of debt, stating that full-blown debt crises could have significant social and political consequences, including higher unemployment rates. Daniel Hofmann, group chief economist at Zurich Financial Services, highlighted the unsustainability of government debt levels exceeding 100 percent of GDP, particularly in the United States and the UK. Investors may become concerned about the sustainability of high debt levels, leading to sovereign debt crises and defaults. Early warnings from Dubai and Greece should be taken seriously, as worries about these countries, as well as Ukraine, have affected global markets. Both the United States and the United Kingdom are facing tough decisions regarding the timing of withdrawing fiscal stimulus to ensure a sustained recovery without risking sovereign debt deterioration. The report also noted a "governance gap" between short-term pressures and the need for long-term decisions on issues like health and pension reform and climate change. According to the report, not enough is being done to tackle the problem of underinvestment in infrastructure, which could negatively impact food and energy security. The World Bank estimates that $35 trillion will be needed for global infrastructure investment over the next two decades. The rising cost of chronic diseases due to increased life expectancy and unhealthy lifestyles must be addressed through prevention campaigns promoting healthier living by both developing and developed countries. The report warns that the biggest risks facing the world today may come from slow failures or creeping risks, as the impact and long-term consequences of these risks can be significantly underestimated due to their gradual emergence over time.