Rolling coverage of the day 3 of the World Economic Forum
Good morning from Davos, where worries over a possible global recession and escalating military conflict are weighing on global leaders and business chiefs.
With a global food crisis escalating, Ukraine war continuing, global economic uncertainty is on the rise — creating a notably gloomy feel at the World Economic Forum.
We have a confluence of shocks hitting the world, and we are still not out of the woods.
“The invasion may have been the beginning of the third world war and our civilisation may not survive it.
“The invasion of Ukraine didn’t come out of the blue. The world has been increasingly engaged in a struggle between two systems of governance that are diametrically opposed to each other: open society and closed society.”
