LONDON—The world-wide coronavirus pandemic has intensified the rivalry among the U.S. and China, increasing future instability in intercontinental diplomatic relations, in accordance to an annual report on world-wide hazards from the World Financial Forum.

The report, which attracts on viewpoints of hundreds of executives and lecturers connected with the WEF, as properly as risk-administration experts, says the pandemic threatens to widen profits and other disparities within just and among societies, increasing the hazards of a more fracturing within some states and in intercontinental relations.

Covid-19 “has entrenched point out electrical power and intensified rivalry among the United States and China,” the report says, forcing other powers to choose sides.

“With some alliances weakening, diplomatic associations will turn into much more unstable at details exactly where superpower tectonic plates satisfy or withdraw,” it says. This development has been accentuated as a absence of deal with-to-deal with conversations have harm common diplomacy.

The report is usually printed just forward of the WEF’s annual meeting in Davos, Switzerland. This 12 months, the meeting has been postponed due to the fact of the pandemic until eventually May, when it will acquire place in Singapore. Future week, the forum is arranging a digital meeting that incorporates addresses from leaders these kinds of as China’s Xi Jinping and India’s Narendra Modi.