What did we learn from Davos 2020? Blindsided by Covid19
https://www.theguardian.com/business/2020/jan/24/what-did-we-learn-from-davos-2020
Climate crisis, Greta Thunberg and Trump were at core of 50th World Economic Forum
Larry Elliott in Davos
Fri 24 Jan 2020 10.45 ESTSince 1971, politicians, business leaders, academics, journalists and representatives of civil society have been travelling to the
Swiss ski resort of Davos, the town immortalised by Thomas Mann in his novel The Magic Mountain.
The meeting – described as the place where billionaires tell millionaires how the middle classes should live their lives – ended on Friday. So what did we learn from the 50th gathering?
For some, the penny has dropped about the climate emergency
This was the “global heating Davos”, with session after session devoted to the topic. For Mark Carney, in his last weeks as governor of the Bank of England before stepping down, the story was not the near unanimity among policymakers, but that the financial sector – including the big banks of Wall Street – now understands the investment risk of global heating and is starting to adjust its behaviour accordingly.
Davos has a love-hate relationship with Trump
For the second time in three years, Trump turned up at the annual festival of globalisation – more visits than Bill Clinton and Barack Obama managed between them in the combined 16 years of their presidencies. The chief executives of the multinationals that flock to Davos find Trump strangely compelling in spite of his anti-globalist views. He was comfortably the biggest draw of the week. There were a few titters as Trump boasted of the economic miracle he has created in the US, but privately American big business likes tax cuts, likes deregulation and would rather have him in the White House than any Democrat.
Larry Elliott in Davos
Fri 24 Jan 2020 10.45 ESTSince 1971, politicians, business leaders, academics, journalists and representatives of civil society have been travelling to the
Swiss ski resort of Davos, the town immortalised by Thomas Mann in his novel The Magic Mountain.
The meeting – described as the place where billionaires tell millionaires how the middle classes should live their lives – ended on Friday. So what did we learn from the 50th gathering?
For some, the penny has dropped about the climate emergency
This was the “global heating Davos”, with session after session devoted to the topic. For Mark Carney, in his last weeks as governor of the Bank of England before stepping down, the story was not the near unanimity among policymakers, but that the financial sector – including the big banks of Wall Street – now understands the investment risk of global heating and is starting to adjust its behaviour accordingly.
Davos has a love-hate relationship with Trump
For the second time in three years, Trump turned up at the annual festival of globalisation – more visits than Bill Clinton and Barack Obama managed between them in the combined 16 years of their presidencies. The chief executives of the multinationals that flock to Davos find Trump strangely compelling in spite of his anti-globalist views. He was comfortably the biggest draw of the week. There were a few titters as Trump boasted of the economic miracle he has created in the US, but privately American big business likes tax cuts, likes deregulation and would rather have him in the White House than any Democrat.