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January 27th, 2007

Last thoughts on Davos

Posted by: Jeremy Gaunt
Tags: Davos 2007

I began this blog on Tuesday by saying that it had started snowing. The big issue for many of the less well-heeled among us — those without heavy duty limos and helicopters — is whether the snow that has built up all day will let us get home now that the World Economic Forum’s meeting is essentially over.IMG_2306.jpg

Let’s hope that the Swiss train system handles snow better than the British one handles leaves. (For those of you not familiar with British trains, they get disrupted easily.)

The Davos meeting has had one big achievement, being the locale for the agreement to restart global trade talks. It has also confirmed that climate change is now one of the top items on the world agenda. Africa, we are told, is getting a bit better. But it is still far, far away from being an Asian Tiger economy, or should that be African Lion economy?

There was also a remarkable degree of optimism about the global economy and the prospects for businesses. Sometimes when there is a large consensus, the opposite happens. But there were a few naysayers going around, so not every one is on the same page.

As for this blog, tell me what you think by e-mailing me at jeremy.gaunt(at)reuters.com.

NB: THIS OFFER NOT OPEN TO STAFF OF REUTERS OR THEIR FAMILIES.

Off into the snow, then.

One comment so far

The World Economic Forum ignored the most critical threat to the world economy. The U.S. Economy is the engine for the global economy and it is heading in the wrong direction.
International Institute of Management (IIM) released a new report warning about the U.S. economic risks.
The report:
1. Uncovers the forces behind Feb 27th stock market meltdown and the Chinese reaction to the outlook of U.S. Economy.
2. Forecasts the future behavior of U.S. and global markets.

Med Yones, the author of the policy white paper, warns against costly policy mistaks and provides a detailed analysis of the economic, social and geopolitical risks facing the United States.

The complete text of the report is available at:

http://www.iim-edu.org/u.s.economyrisks/

- Posted by Thinktank

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