Moritz Schularick, the future president of the Institute for the World Economy, on threateningly wobbly financial markets and a mistake that the world should not repeat.From Alexander Hageluken and Lisa NienhausThis time Moritz Schularick comes to the interview in Munich by train, not by motorbike, as he usually does. The 47-year-old economist is more of a laid-back type: he prefers jeans to a suit. But don't let that fool you. He's a top researcher, has gotten around a lot, and...
Cautious optimism yes, general all-clear no: This is the conclusion reached by the International Monetary Fund (IMF) in its new quarterly global economic outlook, which the IMF presented in Singapore. In contrast to the previous quarters, the global economic outlook did not deteriorate any further this time, explained IMF chief economist Pierre-Olivier Gourinchas in a written statement distributed at the same time. "That's good news, but not enough. The road to a full recovery, with sustained growth, stable prices and...
Cautious optimism yes, general all-clear no: This is the conclusion reached by the International Monetary Fund (IMF) in its new quarterly global economic outlook, which the IMF presented in Singapore. In contrast to the previous quarters, the global economic outlook did not deteriorate any further this time, explained IMF chief economist Pierre-Olivier Gourinchas in a written statement distributed at the same time. "That's good news, but not enough. The road to a full recovery, with sustained growth, stable prices and...
from Caspar Busse, Lisa Nienhaus and Vivien Timmler, DavosEveryone talks about China, only China doesn't have a say. Because China isn't there. That is the reality of Davos in January 2023. No matter which entrepreneur or manager you speak to in the corridors or in the many little rooms at the World Economic Forum: they always mention China as hope for the global economy and its growth. Since the country lifted its ultra-tight restrictions because of the pandemic, it has...
We can only do it together: together for Ukraine, together against the energy crisis, together for the climate. In her opening speech at the World Economic Forum in Davos, the President of the European Commission, Ursula von der Leyen, made a strong appeal for solidarity and against geopolitical demarcation; that meeting of the important and powerful, in which the first few hours are primarily about the multiple crises that the world is currently confronted with. And the question: Is the...
Interviewed by Caspar BusesJim Hagemann Snabe, 57, spent part of his childhood in Greenland, later studied economics and came to the German software group SAP, where he was boss from 2010 to 2014. The Dane has also been on the Siemens Supervisory Board since 2013, and has been the head of the committee since 2018, directing the fortunes of the global corporation from Munich. He is a permanent guest in Davos and has been a member of the Board of...
The mood in the economy has deteriorated rapidly. Three out of four business leaders are currently anticipating a decline in global economic growth. A year ago, only 15 percent were so pessimistic about the future. This is the result of a worldwide survey of around 4,500 CEOs from 71 countries, which the international consulting and auditing company PWC traditionally conducts at the beginning of each year and which was presented at the World Economic Forum in Davos.Accordingly, only 18 percent...
There has been a lot of work going on in Davos for days. The shops on the Promenade, the main street of the town with 12,000 inhabitants in the mountains of Graubünden, are being renovated. Companies and organizations set up temporary quarters here in order to put themselves in the limelight. The conference center in the middle of the town is already extensively secured and prepared. The big hotels are gearing up.The World Economic Forum begins this Monday evening here,...
Interviewed by Caspar BusesJim Hagemann Snabe, 57, spent part of his childhood in Greenland, later studied economics and came to the German software group SAP, where he was boss from 2010 to 2014. The Dane has also been on the Siemens Supervisory Board since 2013, and has been the head of the committee since 2018, directing the fortunes of the global corporation from Munich. He is a permanent guest in Davos and has been a member of the Board of...
War in Ukraine, climate change, consequences of the pandemic and economic downturn in many parts of the world - the multitude of current problems overshadows the World Economic Forum in the Davos mountains. Hyper-globalization is said to be at an end, the world economy is probably on the eve of de-globalization. The best message: Responsible politicians and business leaders are again talking to each other personally in large numbers. At first glance, everything is as usual: right on time for...
