Annual Meeting of the World Economic Forum
From 16th to 20th January, 2023, the Annual Meeting of the World Economic Forum (WEF) was held in the Swiss town of Davos. The theme this year was ‘Cooperation in a Fragmented World’.
Key Takeaways
- Economic Outlook: Most business leaders were upbeat about the economy, with US and the European Union (EU) seemingly beyond the risk of a recession now. China ending its zero Covid curbs added to the positive outlook.
- However, central banks of the major economies cautioned that concerns still remained, and said they would keep interest rates high to ensure inflation is under check.
- The Chief Economists Outlook was ....
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World Watch
- 1 US-Ukrainian Deal Grants Preferential Mineral Access to US
- 2 UK Transfers Sovereignty of Chagos Islands to Mauritius
- 3 India Assumes APO Chairmanship for 2025–26
- 4 US Approves Maritime Security Deal with India
- 5 Nicaragua Withdraws from UNESCO
- 6 Colombia Joins China’s Belt and Road Initiative
- 7 UN Peacekeeping Ministerial 2025
- 8 CPEC Extension to Afghanistan: Strategic Concerns for India
- 9 Quad Nations Indo-Pacific Logistics Network (IPLN)
- 10 Algeria Joins New Development Bank