A WEF survey finds that attendees are most worried about recession threats, rising cost of living, debt, and environmental risks.
MANILA, Philippines – In President Ferdinand Marcos Jr.’s own words, his January 2023 visit to Davos in Switzerland for the World Economic Forum won’t be too different from his previous trips abroad. This time though, he intends to sell to foreign investors and fellow world leaders the controversial sovereign wealth fund his administration is pushing.. We talk about the Philippines, what the situation is as an investment destination.
In December, Marcos flew out for one last time to Brussels for the ASEAN-European Union Summit. In early January, he was in Beijing for a little over 48 hours for his first state visit outside of Southeast Asia. According to a survey by the WEF ahead of the meeting, the following are top concerns of Davos attendees: the threat of recession, the cost-of-living crisis, mounting debt distress, and the failure to tackle climate change.This year, the WEF wants to talk about ”cooperation in a fragmented world” – a befitting theme, given one issue that hangs over all attendee’s heads: Russia’s war on Ukraine.
Its goals – at least on paper – are ambitious. On its website, the WEF says its goal is “solving the biggest issues facing our world.”
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