Amidst threats of global recession, World Economic Forum seeks viable solutions for economic crises

Amidst threats of global recession, World Economic Forum seeks viable solutions for economic crises

The World Economic Forum kicked off Monday in Davos and will last till January 20. Leaders from various governments, companies and civil society come together aiming to confront the repercussions of the Russian-Ukrainian war and the possibility of a global recession.

The conference has been held annually since the seventies in Switzerland as an opportunity for the global business community to discuss the current economic challenges.

In this session, the forum will look into a number of significant issues such as the energy crisis, the risks of the global economy drifting into a wave of economic recession due to raising interest rates globally and its impact on the economies of emerging countries, in addition to a rise in debt rates, and the crises resulted from the Corona epidemic and the Russian-Ukrainian war in supply chains.

The session is held under the slogan “Cooperation in a Fragmented World,” and the forum’s official website said: “We will look at how to address the many and interrelated challenges the world faces and come up with solutions through cooperation between the public and private sectors.”

The conference is expected to attract 2,700 participants, including German Chancellor Olaf Scholz, European Commission President Ursula von der Leyen, Chinese Vice Premier