The IMF has trimmed its forecasts for global economic growth this year, casting a shadow over the opening of the World Economic Forum in the Swiss resort of Davos.

Organisers of the annual gathering of the rich and powerful had wanted this year’s event to promote a more cohesive and sustainable world, hoping to urge companies to embrace stakeholder capitalism rather than simply pursue profits. But the latest signs of economic fragility will force global leaders and chief executives to tackle the more immediate challenges of
restoring growth and confidence, rather than focusing on how to address climate change.
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January 21, 2020 at 05:21AM
