Annual Meeting of the World Economic Forum

From 16th to 20th January, 2023, the Annual Meeting of the World Economic Forum (WEF) was held in the Swiss town of Davos. The theme this year was ‘Cooperation in a Fragmented World’.

Key Takeaways

  • Economic Outlook: Most business leaders were upbeat about the economy, with US and the European Union (EU) seemingly beyond the risk of a recession now. China ending its zero Covid curbs added to the positive outlook.
  • However, central banks of the major economies cautioned that concerns still remained, and said they would keep interest rates high to ensure inflation is under check.
  • The Chief Economists Outlook was ....
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