The global economy faces a number of challenges, including financial tensions, geopolitics**, and the rapid development of generative AI, all of which have a profound impact on the global economy. Against this backdrop, the World Economic Forum in Davos, as an important global economic forum, is committed to finding solutions to global economic problems.
The theme of the 2024 Annual Meeting of the World Economic Forum in Davos, "Rebuilding Trust", attracted nearly 3,000 participants from more than 120 countries and regions, who engaged in in-depth dialogue and discussion on issues such as economic growth, climate and natural action, energy security, technology governance and human development.
At the conference, the World Economic Forum released two major reports, the Chief Economist Outlook and the Future Growth Report 2024. Among them, the "Chief Economist Outlook" shows that more than half of the chief economists expect the global economy to weaken this year, while the "Future Growth Report 2024" points out that the global economy will face a severe recession due to ongoing economic and geopolitical shocks, and the global economic growth rate is expected to reach the lowest level in 30 years by 2030.
In the face of such challenges, Satya Zahidi, Executive Director of the World Economic Forum, said that there is an urgent need for the international community to strengthen cooperation to add impetus to sustained and inclusive economic growth. In addition, the World Economic Forum has launched the Future Growth Initiative, a two-year action plan that aims to encourage dialogue among policymakers, business leaders, and academics to find new pathways to economic growth that balance the goals of innovation, inclusiveness, sustainability, and resilience.
Overall, the World Economic Forum in Davos addresses the unease and challenges of the global economy by holding conferences and events that bring together global elites to work together and seek strategies and ways to solve global economic problems.