WEF Davos ends with discussion on fragile global economic outlook
The agenda of the World Economic Forum (WEF) in Davos this year was dictated by concerns about the "fragmentation" of the global economy. Kommersant writes about it.
The publication notes that the forum ended with a discussion of the shaky prospects for the global economy. According to the head of the International Monetary Fund (IMF), Kristalina Georgieva, fragmentation may lead to a loss of at least 0.2 percent of global GDP if countries manage to adapt to the new situation and establish uninterrupted supply chains. If this does not happen, global GDP would lose seven per cent.
For her part, European Central Bank (ECB) Governor Christine Lagarde urged that the fight against inflation should not be relaxed, despite the fact that the peak of price increases has already been passed. Bruno Le Maire, head of the French finance ministry, warned on the last day of the forum against protectionist policies against its producers.