The World Economic Forum ( WEF ) has called on governments and businesses to reduce productivity , warning that worldwide economies remain vulnerable to financial shocks a decade after the financial crisis . In its latest competitiveness report , the WEF also said economies were woefully unprepared for incoming " automation and automation " . " The prospects for a sustained economic recovery remain at risk due to a widespread failure on the ability of leaders and policy makers to put in place reforms necessary to underpin economies and bring about much - needed increases in productivity , " the WEF warned . It urged governments to create more flexible labour markets that can cope with encroaching robotisation .
The World Economic Forum (WEF) has called on governments and business to boost productivity, warning that worldwide economies remain vulnerable to financial shocks a decade after the financial crisis. In its latest competitiveness report, the WEF also said economies were woefully unprepared for incoming "automation and robotisation". "The prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity," the WEF warned. It urged governments to create more flexible labour markets that can cope with encroaching robotisation.