Davos day 1: pessimistic mood as WEF annual meeting begins; Von der Leyen and Liu He speeches due – business live

Good morning from Davos, where world leaders, business chiefs and policymakers are gathered for the World Economic Forum.

Two-thirds of chief economists surveyed by WEF believe there is likely to be a global recession in 2023, with nearly one in five saying it is extremely likely to occur.

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Why has the wef account turned off comments? Don’t they want to hear how good they are?

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40pc of business chiefs fear for the future as Davos beginsCEOs are the most downbeat they’ve been since the 2008-09 financial crisis, while chief economists are braced for a global slowdown.
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