Policymakers and business leaders attending the 54th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland pin high hope on cooperation based on mutual trust and respect to drive global economic growth. Challenges aheadThe outlook for the global economy in 2024 remains foggy. The world economy is impeded by factors such as debt crises, high inflation and interest rates, and sluggish trade performance. He warned that the global economy is on track for the worst half-decade of growth in three decades while stressing the critical role of economic growth in shaping the global landscape. “They do travel without passports.”In his concluding remarks on Friday, Brende called for global cooperation to fight the challenges.
