Can Davos Spring A Surprise And Speed Up The Economy?
The Independent|January 16, 2024
It is terribly easy to be cynical about the annual meeting of the world's leaders of money and business at the World Economic Forum at Davos. There will be no shortage of people railing against it - and equally, there'll be no shortage of virtue signalling from those in attendance.
JAMES MOORE
Can Davos Spring A Surprise And Speed Up The Economy?

These are people who like to pretend they care about the state of the world even while they are flying on private jets and enjoying the sumptuous hospitality laid on by corporate sponsors. However, if there was ever a time for the cynics among us to be proven wrong, one hopes it is now.

The rich world has been grappling with sky-high inflation - a dragon that hasn't yet been truly slain. The World Bank, meanwhile, recently issued a stark warning: "As the world nears the midpoint of what was intended to be a transformative decade for development, the global economy is set to rack up a sorry record by the end of 2024 the slowest half-decade of GDP growth in 30 years."

This story is from the January 16, 2024 edition of The Independent.

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This story is from the January 16, 2024 edition of The Independent.

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