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The 2023 Davos Forum began on Monday, after three tough years marked by the health crisis and the war in Ukraine. With “cooperation in a fragmented world” as its central theme, the forum has raised many expectations. Crucial decisions could be taken while public opinion is calling for less inequality, as shown by the report of the NGO Oxfam, published the day before.
The World Economic Forum 2023 (WEF) started on Monday, January 16 in Davos, a small town perched in the Swiss Alps. As in previous editions, it brings together many political and business leaders.
After three years marked by the health crisis and the war in Ukraine, the WEF focuses on sustainability, economic growth, resilience, globalization and geopolitics, as well as energy and food security.
Who is attending the WEF?
More than 600 CEOs are attending this 2023 edition, including Wall Street leaders such as Jamie Dimon (JP Morgan Bank), David Solomon (Goldman Sachs) and James Gorman (Morgan Stanley). With the issue(s) of inflation and climate change on the agenda, the heads of major energy companies are back. German Chancellor Olaf Scholz, as well as the Presidents of Spain, South Korea, Poland, South Africa and the Philippines are among the 51 heads of state present. 56 finance ministers, 19 central bank governors, 30 trade ministers and 35 foreign ministers are also expected to attend.
Other participants include Kristalina Georgieva, the IMF Managing Director, Christine Lagarde, the head of the European Central Bank, Jens Stoltenberg, the NATO Secretary General, Ursula von der Leyen, the President of the European Commission, and Liu He, the Chinese Vice Prime Minister. Tedros Adhanom Ghebreyesus, the head of the World Health Organization (WHO), is also present. The Russians are the big absentees, now boycotted by the organization. Similarly, the American president Joe Biden, as well as no minister of importance across the Atlantic, is not expected. Lula, the newly elected Brazilian head of state, did not make the trip, citing the political instability of his country, as did Emmanuel Macron, who preferred to send his Minister of Economy and Finance Bruno Lemaire.
Working together in a chaotic context
This year’s theme, “cooperation in a fragmented world”, refers to the tectonic shift in global markets and political relationships that has occurred since the pandemic. In a chaotic environment of high inflation, low growth, high debt and high fragmentation, two-thirds of private and public sector economists surveyed by the WEF expect a global recession this year. Added to this is the likely cut-off of aid, hitherto provided by governments, while economic uncertainty is heightened by the question of the evolution of interest rates of the major central banks.
In this context, heads of state and politicians work closely together with representatives of economic institutions and banks. But although there is a strict program until Friday, January 20, Davos is not just about the opening speeches reported to the public. The meeting is also famous for the networking and socializing that takes place in the hallways, side rooms, hotel suites and restaurants of the Alpine town.
For Tracy Francis, senior partner at the consulting firm McKinsey, the value of the Davos meeting lies in “the human interaction of a multitude of different types of entities – start-ups, non-profits, government organizations, corporations. There’s a lot of talk about a new world order, but I think just being together in person and sharing ideas increases connectivity.”
A certain vision of power that doesn’t fail to draw criticism from haters at the Forum.
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The 2023 Davos Forum began on Monday, after three tough years marked by the health crisis and the war in Ukraine. With “cooperation in a fragmented world” as its central theme, the forum has raised many expectations. Crucial decisions could be taken while public opinion is calling for less inequality, as shown by the report of the NGO Oxfam, published the day before.
The World Economic Forum 2023 (WEF) started on Monday, January 16 in Davos, a small town perched in the Swiss Alps. As in previous editions, it brings together many political and business leaders.
After three years marked by the health crisis and the war in Ukraine, the WEF focuses on sustainability, economic growth, resilience, globalization and geopolitics, as well as energy and food security.
Who is attending the WEF?
More than 600 CEOs are attending this 2023 edition, including Wall Street leaders such as Jamie Dimon (JP Morgan Bank), David Solomon (Goldman Sachs) and James Gorman (Morgan Stanley). With the issue(s) of inflation and climate change on the agenda, the heads of major energy companies are back. German Chancellor Olaf Scholz, as well as the Presidents of Spain, South Korea, Poland, South Africa and the Philippines are among the 51 heads of state present. 56 finance ministers, 19 central bank governors, 30 trade ministers and 35 foreign ministers are also expected to attend.
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The 2023 Davos Forum began on Monday, after three tough years marked by the health crisis and the war in Ukraine. With “cooperation in a fragmented world” as its central theme, the forum has raised many expectations. Crucial decisions could be taken while public opinion is calling for less inequality, as shown by the report of the NGO Oxfam, published the day before.
The World Economic Forum 2023 (WEF) started on Monday, January 16 in Davos, a small town perched in the Swiss Alps. As in previous editions, it brings together many political and business leaders.
After three years marked by the health crisis and the war in Ukraine, the WEF focuses on sustainability, economic growth, resilience, globalization and geopolitics, as well as energy and food security.
Who is attending the WEF?
More than 600 CEOs are attending this 2023 edition, including Wall Street leaders such as Jamie Dimon (JP Morgan Bank), David Solomon (Goldman Sachs) and James Gorman (Morgan Stanley). With the issue(s) of inflation and climate change on the agenda, the heads of major energy companies are back. German Chancellor Olaf Scholz, as well as the Presidents of Spain, South Korea, Poland, South Africa and the Philippines are among the 51 heads of state present. 56 finance ministers, 19 central bank governors, 30 trade ministers and 35 foreign ministers are also expected to attend.
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