Global growth is in a healthy place, investors are considering so-called risk markets, and trading conditions are improving at the beginning of 2018. In a nutshell, the global economy is looking much rosier as the new year gets underway.
That seems to be the broad rhetoric right now, though more than a few are cautious where this apparent positivity is concerned. The world economy is understood to be enjoying its biggest period of concerted growth since 2010, with all the major economies firing at the same time; yet some believe this is the period of plain sailing before the choppy waters swell all around, fearing a potentially imminent crash in financial markets.
All of which is in focus at this week’s annual World Economic Forum (WEF) meeting in Davos, Switzerland.
By providing a global platform for public-private collaboration, the WEF seeks to advance this goal by working with governments, businesses and civil society organisations to find new ways of tackling the systemic risks that affect us all. Its annual gathering in Davos aims to focus minds on the need for systems thinking and new ways of collaborating globally, involving all stakeholders, the precursor for which is the WEF Global Risks Report that fosters much of this debate.
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