Gloomy forecast for Davos: crises aplenty, but few world leaders | Reuters
An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook.'
"Davos will be dominated by a high level of anxiety about stock markets, a slowdown in growth and international politics," said Nariman Behravesh, chief economist at IHS Markit.
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"Davos will be dominated by a high level of anxiety about stock markets, a slowdown in growth and international politics," said Nariman Behravesh, chief economist at IHS Markit.
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Before the U.S. cancellation, a Trump administration official had said the U.S. delegation would also discuss the importance of reforming institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank.
Trump has harshly criticised globalization and questioned U.S. participation in multilateral institutions such as the WTO, calling for a revamp of international trade rules.
Davos watchers said the absence of so many top leaders this year did not mean the glitzy forum had lost its status as a global stage for top politicians to present their agendas.
