Economics & Finance

World Economic Forum meeting kicked off in Davos

by Anadolu Agency

The World Economic Forum (WEF) on Monday kicked off in Davos-Klosters, Switzerland, with heads of state and business leaders focusing on the ongoing Russia-Ukraine war and economic instability amid climate change.

Under the theme of Cooperation in a Fragmented World, names shaping the global politics and business world are participating in the forum.

“So much is at stake we really need to find solutions on the wars and conflicts. We also have to secure that we don’t go into recession and we have ten years of low growth as we had in the 1970s,” said Borge Brende, the World Economic Forum president.

The meeting will also see attendance by 56 finance ministers, 19 central bank heads, 30 trade ministers, and 35 foreign ministers.

It will convene more than 2,700 leaders from 130 countries, including 50 heads of state and government, as multiple crises deepen divisions and fragment the geopolitical landscape.

This year will also see the highest-ever business participation at Davos, with more than 1,500 leaders from 700 organizations.

Anadolu Agency
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