The World Economic Forum’s Annual Meeting in Davos, Switzerland begins today and runs from January 16 to January 20th.
This year the World Economic Forum’s Annual Meeting will focus on five key areas:
- Addressing the Current Energy and Food Crises in the context of a New System for Energy, Climate and Nature
- Addressing the Current High Inflation, Low Growth, High Debt Economy in the context of a New System for Investment, Trade and Infrastructure
- Addressing the Current Industry Headwinds in the context of a New System for Harnessing Frontier Technologies for Private Sector Innovation and Resilience
- Addressing the Current Social Vulnerabilities in the context of a New System for Work, Skills and Care
- Addressing the Current Geopolitical Risks in the context of a New System for Dialogue and Cooperation in a Multipolar World
The WEF says that currently, the “world today is at a critical inflection point” as “The twin triggers of the COVID-19 pandemic and the war in Ukraine rattled an already brittle global system.”
“Economic growth in the world’s largest economies is stalling, while navigating headwinds from rising food and energy prices. For the first time since the 1970s, the world is facing a precarious disequilibrium with growth and inflation moving in oppositive directions.”
Adding that, “This is occurring alongside heightened geo-economic fragmentation, financial sector vulnerabilities, including stretched asset prices and high debt levels, and a climate crisis spiralling out of control, which could magnify any growth slowdown, particularly in emerging markets.”
“Unless these systemic and interconnected risks are addressed, the promise of a “decade of action” may become a decade of uncertainty and fragility.”
