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Ukraine Top Of The Agenda In Davos As Business Leaders Gather

Ukraine Top Of The Agenda In Davos As Business Leaders Gather

On the business agenda, discussions are likely to focus on the souring state of financial markets and the global economy.

After a sharp bounceback from the downturn triggered two years ago by the onset of the pandemic, there are now myriad threats to that recovery, leading the International Monetary Fund to downgrade its global growth forecast for the second time since the year began.

Inflation due to hobbled supply chains emerged as a problem last year, particularly in the U.S. economy.

That has been compounded since the beginning of 2022 by events including Russia’s invasion of Ukraine and waves of COVID-19 lockdowns across China that have stalled a recovery.

‘Define Tomorrow

The Ukrainian artists are hoping to get their message of fighting for a better future to world leaders in Davos.

Visitors are confronted by images such as a badly burned man in Kharkiv after Russian shelling and a film made up of thousands of pictures of dead civilians and bombed houses.

“This is a place where all influencers and all decision-makers of the world come together,” the artistic director of the PinchukArtCentre in Kyiv, Bjorn Geldhof, told Reuters TV.

“What is happening in Ukraine will define tomorrow.”

Russian President Vladimir Putin calls the invasion of Ukraine a “special military operation” to disarm the country and rid it of radical anti-Russian nationalists.

Ukraine and its allies have dismissed that as a baseless pretext for the nearly three-month war, which has killed thousands of people, displaced millions and shattered cities

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While the WEF meeting may not be back to pre-pandemic levels, with Zurich’s airport expecting the number of flights to be about two-thirds of previous levels, its return comes as a welcome relief to the ski resort’s hotels and restaurants.

“It is another step back to normality,” Samuel Rosenast, spokesperson for the local tourism board, said last week.

(Reuters)

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