Davos day 4: IMF’s Georgieva says economic outlook ‘less bad’ than feared; Russia heading for ‘incredible poverty’ – as it happened

1.40pm GMT

The World Economic Forum annual meeting is over.

Delegates are scarpering to make their way home, or to a swanky lunch up the mountain.

And just like that, the circus leaves town. @wef 2023 meeting in #Davos is a wrap.

I’m off to eat my body weight in fondue. @featurestory pic.twitter.com/1MGtKAlPM6

— Alex Cadier (@alexcadier) January 20, 2023

But away from here, protests calling for the rich to be taxed properly are taking place.

For anyone who wants to mark their support for taxing the ultra rich, today is #BlackBandFriday. Here's @jenny_ricks of @FightInequality to tell you all about it https://t.co/sjwOAnEt84

— Patriotic Millionaires UK (@PatMillsUK) January 20, 2023

Jenny Ricks, Global Convenor of Fight Inequality Alliance said:

“As the rich and powerful leave the snowy peaks of Davos behind, the daily struggle for millions to keep themselves from going under continues.

It’s time for an intervention from the people. Protestors in countries from the Philippines to Nepal, from South Africa to Kenya and beyond are not fooled into thinking change will come from the 1%. We know it will be won on the streets, by us forcing our governments to tax the rich.”

Here’s our latest story on Davos today:

Updated at 3.46pm GMT

11.33am GMT

Climate activist protest in Davos

Sweden’s Greta Thunberg (C) and other young climate activists of the “Fridays for Future” movement staging a demonstration in Davos this morning Photograph: Fabrice Coffrini/AFP/Getty Images

A group of climate activists including Greta Thunberg are holding a protest in Davos, calling for climate justice and an end to new fossil fuel projects.

Outside the World Economic Forum’s annual meeting, the protesters chanted “What do we want? Climate justice. When do we want it? Now” and “Fossil fuels have got to go”.

There’s around 30 activists, Reuters estimates.

Thunberg held up a sign saying “Keep it in the ground”.

Sweden’s Greta Thunberg (left) and other young climate activists of the “Fridays for Future” movement. Photograph: Fabrice Coffrini/AFP/Getty Images

We reported yesterday that Thunberg and other activists have drawn up a “cease and desist” notice to oil and gas executives, urging them to immediately halt new oil, gas or coal extraction sites.

Climate strike week 231, in Davos outside the World Economic Forum where those most responsible for the climate crisis meet. We’ve written a letter to fossil fuel CEO’s demanding no new fossil fuels. You can sign it too: https://t.co/vsr048rHuo#FridaysForFuture #ClimateStrike pic.twitter.com/nP02hpiZh3

— Greta Thunberg (@GretaThunberg) January 20, 2023