Participants at the 54th annual World Economic Forum expressed optimism in cooperation built on mutual trust and respect for fostering global economic growth, underscoring China's role in driving global economic progress amid challenging times. DAVOS, Switzerland, Jan. 21 (Xinhua) -- Policymakers and business leaders attending the 54th annual meeting of the World Economic Forum (WEF) here pin high hope on cooperation based on mutual trust and respect to drive global economic growth. According to the latest Chief Economists Outlook released by the WEF, more than half of chief economists expect the global economy to weaken in the coming year. The world economy is impeded by factors such as debt crises, high inflation and interest rates, and sluggish trade performance. He warned that the global economy is on track for the worst half-decade of growth in three decades while stressing the critical role of economic growth in shaping the global landscape.

Source: Ethiopian News January 22, 2024 01:25 UTC