"After a week dominated by issues such as the world order, geopolitical tensions, tariffs and artificial intelligence, the health of the global economy will be in focus today. ECB president Christine Lagarde, IMF head Kristalina Georgieva and WTO director-general Ngozi Okonjo-Iweala will give their views on the Global Economic Outlook. It's an outlook that has darkened this week, with warnings from the leaders of Germany and Canada about the rise of great powers, and anxiety over whether AI will create an unemployment crisis."
"I think the trust is undermined. When you keep repeating the same pattern of undermining the rule of law, undermining the contracts, undermining what has been agreed between parties, then parties begin questioning, is that for real? Is that going to change again? And that's when uncertainty looms large. She also warned Europe needs to look at its economic strength, and weaknesses., just in case the normal relationship is not restored."
The final day of the World Economic Forum in Davos centers on the global economic outlook with speeches from ECB, IMF and WTO leaders. The outlook has darkened due to rising geopolitical tensions, tariff threats and concerns about AI-driven unemployment. Christine Lagarde warned that repeated undermining of the rule of law and agreements has eroded trust and increased uncertainty, and urged Europe to assess its economic strengths and weaknesses. S&P Global Ratings notes that trade tensions receded and resilient consumer demand, labor markets, and AI-related investment helped make 2025 a decent year. Events conclude by lunchtime and many delegates have departed.
Read at www.theguardian.com
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