Five Global Crises Affecting Living Standards The intricacies of global living standards have many layers, as highlighted by a UN-backed report. Exploring these issues reveals how intertwined our world’s challenges are. The Perils of Inaction Indeed, doing nothing about these crises is not without its consequences. The cost of ignoring them is astronomical, impacting adverselyGlobal Economy Faces $25 Trillion Annual Loss Due to Environmental Harm