Davos Gets Jittery as Trump Rises, Oil Falls and China Slows
- IMF cuts global growth outlook on eve of Davos meetings
- Facing up to “a nasty cocktail of major structural problems”
Islamic State Threat Sees Ramped up Security in Davos
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As the chattering chieftains of the global economy gather this week in Davos, Switzerland, they’re facing the darkest outlook since the financial crisis tipped the world into recession seven years ago.
The Chinese slowdown and accompanying slide in the yuan are imperiling already sluggish international growth, oil is trading at its lowest level in more than a decade, stocks have suffered their worst January ever, and the prospects for corporate earnings are the most pessimistic in years. The Federal Reserve is also unnerving financial markets by raising interest rates.