WEF Davos 2023:High Expectations but G7 leaders absent amid looming recession #shorts #news  #davos
Channel: The Donut News
Date: 2023-01-19

The World Economic Forum (WEF) has returned to Davos for its first winter session in three years, with high expectations and record numbers of government officials and business leaders in attendance. However, the absence of several high-profile leaders is also attracting attention. German Chancellor Olaf Scholz is the only Group of Seven (G7) leader scheduled to attend the 53rd annual meeting of the WEF. US President Joe Biden, British Prime Minister Rishi Sunak and French President Emmanuel Macron are not in attendance. Other power players outside of the G7, including Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva, are also not attending. The five-day gathering is taking place under the motto "Cooperation in a Fragmented World" with a shadow of impending recession hanging over the event, marking a significant shift from optimistic outlooks in 2021 and 2022.