Recession fears loom as WEF summit begins
Fox News
As its annual conference at Davos began, a survey of economists by the World Economic Forum cast doubts on future global stability and warned of a recession.
"The current high inflation, low growth, high debt and high fragmentation environment reduces incentives for the investments needed to get back to growth and raise living standards for the world's most vulnerable," WEF Managing Director Saadia Zahidi said in a statement accompanying the survey results.
The WEF's survey was based on 22 responses from a group of senior economists drawn from international agencies including the International Monetary Fund, investment banks, multinationals and reinsurance groups.
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