covid-19 pandemic may cause asset bubbles, price instability, commodity shocks and debt crises in the next three to five years, said the World Economic Forum’s Global Risks Report for 2021.The report, which in 2006 had first sounded the alarm on pandemics and other health-related risks, said the world in 2020 saw the catastrophic effects of ignoring long-term risks such as pandemics.The 2021 report for the first time has rated risks according to when respondents perceive they will pose a critical threat to the world.In the short term (0 to two years), respondents believe that the world will continue to be threatened by infectious diseases, followed by employment crises, digital inequality and youth disillusionment.