A host of problems, including inflation, Russia’s war in Ukraine, food insecurity and the Covid-19 pandemic, have led to a gloomy view for attendees at the World Economic Forum’s annual meeting in Davos, Switzerland. Photo: Bloomberg
A host of problems, including inflation, Russia’s war in Ukraine, food insecurity and the Covid-19 pandemic, have led to a gloomy view for attendees at the World Economic Forum’s annual meeting in Davos, Switzerland. Photo: Bloomberg

Davos gathering overshadowed by global economic worries and ‘tough year’ ahead

  • The crisis – especially for countries in Asia, Africa and the Middle East that rely on affordable wheat, barley and sunflower oil blocked in Ukraine – has been a key topic
  • The IMF chief sought to dispel the gloom by saying a global recession isn’t [necessarily] on the cards, but acknowledges it’s going to be a ‘tough year’

A host of problems, including inflation, Russia’s war in Ukraine, food insecurity and the Covid-19 pandemic, have led to a gloomy view for attendees at the World Economic Forum’s annual meeting in Davos, Switzerland. Photo: Bloomberg
A host of problems, including inflation, Russia’s war in Ukraine, food insecurity and the Covid-19 pandemic, have led to a gloomy view for attendees at the World Economic Forum’s annual meeting in Davos, Switzerland. Photo: Bloomberg
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