- This weekly round-up brings you some key economic stories from the past seven days.
- Top economics stories: Economic crime plagues businesses; Biodiversity loss could cause bankruptcy for countries; how GDP has harmed the planet; young US adults living with their parents; China’s population is about to decline.
Nearly half of businesses are being hit by economic crime
Cybercrime is the biggest fraud threat facing most businesses today, according to a new PwC survey.
The rise of digital platforms and e-commerce has given new opportunities to fraudsters, with 40% of the businesses surveyed that have experienced fraud in the past two years saying it was connected to the digital platforms they use.
Discover why economic crime is on the rise and how businesses can tackle it.
How biodiversity loss could cause bankruptcy in some countries
Roughly one million animal and plant species are at risk of extinction according to the UN. The economic impacts of this vast decline in biodiversity have been outlined by the University of Cambridge in this report. Many countries would be at risk of going bankrupt as their credit ratings deteriorate due to ecological factors such as biodiversity loss, according to the research.
For almost half of these 26 countries, their risk of bankruptcy could increase by 10%. Learn more about the economic consequences of biodiversity loss.