Global Economy Fears Ease at Davos Forum |
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January 26, 2010
Participants at the opening sessions of the World Economic Forum in Davos on Wednesday shrugged off weak UK growth figures and expressed confidence that the global economy is set fair.
Participants at the opening sessions of the World Economic Forum in Davos on Wednesday shrugged off weak UK growth figures and expressed confidence that the global economy is set fair.
The global economy dominates the first day of debates at the Swiss ski resort and, following unexpectedly strong global growth in 2010, the levels of optimism were better than at any Davos gathering since 2007.
Professor Nouriel Roubini of Roubini Global Economics, also known as "Dr Doom", declared the prospects for the global economy as like a "glass half-full". He said upside and downside risks were balanced.
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