The World Economic Forum warns of a global “polycrisis” in the next decade

Hundreds of the world’s elite business and political leaders gathered in Davos, Switzerland, for the annual meeting of the World Economic Forum. Ahead of the week’s meeting, the WEF released its report on global risks for 2023, warning that climate change, COVID-19 and the war in Ukraine could worsen inequality and lead to a “polycrisis”. Neil Irwin, chief economics correspondent for Axios, joined CBS News to discuss the report.