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

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.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »