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World Economic Forum In Davos: Key Takeaway
World Economic Forum In Davos: Key Takeaway
Time icon 2 February 2018, 10:02 am

This year's World Economic Forum in Davos attracted over 70 heads of states and around 3,000 participants. President Donald Trump was a surprise participant having missed the 2017 event. Here are some of the issues that were discussed:


World Economy Outlook

With regard to the world economy, the president of the International Monetary Fund, Christine Lagarde, is optimistic that it will continue to witness positive growth. She does not foresee a major financial crisis as long as there is no major political crisis. However, she warns of resting too much on achievements and calls for increased investments in digitization.


Climate change and discrimination of women

Another major discussion in this event was that of climate change. This issue was discussed in many podiums as speakers pointed to climate change as a threat to the global economy. Economic and sexual discrimination among women was also topic that dominated the debate. It was also the first time in the history of the World Economic Forum that all co-chairs who guided the major debates were women.


US-president Trump's speech

In his speech, Trump mainly centred on how he is making the US more attractive to investors. In his policy of America First, he reiterated that it does not mean America stands alone, but that when America grows, the world also grows. He did not, however, dwell on Geopolitics or climate change issues. Trump also offered his support for free trade as long as other countries curbed abusive trade practices. In his typical style, Trump attacked New York Times in what he termed as fake news the article they carried out in which they said Trump considered firing Mueller.