The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair.
However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned of trouble ahead for businesses and governments in 2023.
A survey of CEO attitudes by PwC was the gloomiest since the “Big Four” auditor launched the poll a decade ago, marking a significant shift from optimistic outlooks in 2021 and 2022.
Read more at Reuters.com