Inclusive growth became a dominant topic at this year's World Economic Forum (17-20 January). Martina Larkin, the head of Europe and Eurasia for the Forum, admitted there is no “obvious model” for it.
Commission Vice-President for Energy Union Maroš Šefčovič told EURACTIV.com that the Trump administration may be more protectionist than its predecessor. But he is not worried about the impact on the energy market, despite Europe’s immense import needs.
The World Economic Forum concluded its four-day gathering by calling for more inclusive growth to face growing populism and the backlash against globalisation
Between 17 and 20 January, the Swiss mountain village of Davos hosted the World Economic Forum. After a hugely tumultuous year, EURACTIV.com was on-site to provide all the latest developments.
International Monetary Fund (IMF) head Christine Lagarde reassured German Finance Minister Wolfgang Schäuble this week that the IMF plans to remain constructively engaged in talks about aid for Greece, a spokesman for Schäuble said earlier today (20 January).
Dutch Prime Minister Mark Rutte and former European Parliament President Martin Schulz clashed over the strategy to relaunch the Union, illustrating the deep division at Europe’s helm in front of the global audience of the World Economic Forum.
Threatened by unemployment and stagnant wages, the middle class is increasingly feeling the pinch and falling prey to populism, as shown in recent elections and the Brexit vote, international and business leaders in Davos warned.
Anthony Scaramucci tried to soothe concerns triggered by Donald Trump, on Monday (16 December), as the US president-elect outlined his foreign policy agenda to British and German newspapers.
As world leaders gathering in Davos on Tuesday (17 January) tried to make sense of recent economic and political turmoil, Chinese President Xi Jinping made a fervent case for globalisation.
Top business executives are split over the benefits of globalisation, but most remain “extremely positive” in their growth forecasts, a PwC survey shows.
The World Economic Forum study warns that democracy is in “deeper crisis” and urges for more inclusive growth amid the growing inequalities fuelled by technological disruption.
Martin Schulz confirmed that he will attend the World Economic Forum in Davos next week (17-20 January), where he will address the global elite hours after he steps down as European Parliament president.
Few leaders from Europe's largest countries and EU institutions will attend the elite gathering in Davos next week (17-20 January), despite the fact that the threat of populism is expected to be high on the agenda.
Western democracies will be further challenged next year, as populist parties are expected to make gains in Europe, while China and Russia increasingly set the global agenda, taking advantage of a US withdrawal.