Officials and economists in Davos will assess the severity of an expected global economic recession and chart ways to mitigate its impact when they meet this w
eek during the World Economic Forum Annual Meeting in the Swiss mountain resort.
Among those attending will be Kristalina Georgieva, International Monetary Fund's managing director, Christine Lagarde, president of the European Central Bank, Bruno Le Maire, France’s Minister of Economy and economists Larry Summers and Raghuram Rajan.
Issues including soaring food and energy prices around the world and the outlook for Europe's economy will be front and centre.
“We're actually going to kick off the week on Monday with our chief economists outlook that lays out the agenda for 2023 ... the risk of recession, what may happen in terms of inflation, in terms of interest rates, and where some of the greatest opportunities lie in terms of various geographies in the global economy,” Saadia Zahidi, managing director and head of social and economic agendas at the forum, said last week.
“We will be looking also at that recession risk in the shorter term. But I think it still lies within the hands of the policymakers and leaders that will be gathered next week to put in place the right kind of growth agenda and ensure there's as little damage as possible, and a much faster recovery.”
