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Reuters
Reuters
Business
By Mark John and Brenda Goh

Davos 2023: Outlook brighter than feared, fraught with risks

Climate activists Greta Thunberg, Helena Gualinga and Luisa Neubauer take part in a protest on the last day of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2023. REUTERS/Arnd Wiegmann

The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade war, the World Economic Forum's final panel concluded.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva told the Davos audience that what had improved was the potential for China to boost growth and that the IMF now forecast Chinese growth of 4.4% for 2023.

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