Annual Meeting of World Economic Forum begins today at Davos in Switzerland

Davos: The 53rd edition of the  World Economic Forum (WEF) will begin today at Davos in Switzerland. The meeting will continue till 20th January. The theme for this year’s WEF meeting is 'Cooperation in a Fragmented World'.  The congregation of experts, academics, investors, and political and business leaders will discuss some of the pressing issues the world is facing today, such as the Russia-Ukraine crisis, global inflation and climate change and promote innovative solutions.

World leaders are expected to share their insights on the prevalent economic conditions across the globe. According to the WEF's annual Global Risks Report, recession threat, cost-of-living crisis and debt distress is likely to dominate the outlook for at least two years. 

Global leaders taking part in the



meeting include, European Commission President Ursula von der Leyen, German Chancellor Olaf Scholz, European Parliament President Roberta Metsola, South Africa President Cyril M Ramaphosa, Spain Prime Minister Pedro Sanchez, South Korean President Yoon Suk-yeol, Swiss President Alain Berset and Finland Prime Minister Sanna Marin. Strong participation of leaders from India is expected at the summit.

WEF Founder and Executive Chairman Klaus Schwab said, they see the manifold political, economic and social forces creating increased fragmentation on a global and national level. He said, to address the root causes of this erosion of trust, they need to reinforce cooperation between the government and business sectors, creating the conditions for a strong and durable recovery.