News Formal

Economic outlook has 'darkened', business and government leaders warn in Davos

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.

Political and business leaders gathering for the World Economic Forum meet against a backdrop of inflation at its highest level in a generation in major economies including the US, Britain and Europe.

Meanwhile, the repercussions on oil and food markets of Russia's invasion of Ukraine in February — which Moscow describes as a “special military operation” — and COVID-19 lockdowns in China with no clear end have compounded the gloom. “But if none of the problems are solved, I'm really afraid we're running into a global recession with tremendous effect . on global stability,” Habeck said during a WEF panel discussion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Economic outlook has 'darkened', business and government leaders warn in DavosMultiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Economic storm looming, business and government leaders warn in Davos | Fin24Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.
Source: Fin24 - 🏆 21. / 63 Read more »