As the World Economic Forum’s annual meeting in Davos kicked off Monday, WTO director-general Ngozi Okonjo-Iweala and IMF managing director Kristalina Georgieva urged leaders not to let the global polycrisis distract from the need for greater cooperation
in its 2023 Global Risks Report—will be impossible without first addressing the global fragmentation. “If we continue to erode the integrated global economy, it will cost the world 7% of GDP,” warned Georgieva. “If you guys don’t like inflation today, if we destroy the integrated global economy,Left to right: Kristalina Georgieva, Ngozi Okonjo-Iweala, and Angelique Kidjo at the TIME 100 dinner in Davos“Our problems are man-made—therefore, they can be solved by man.
Here are some of the other biggest moments from the TIME100 Davos Dinner, produced in partnership with SOMPO Holdings.Looking at the global economy in the year ahead, the chairman and founder of WEF said what many view as an economic crisis currently is actually an “economic transformation” that will have lasting impact. “When we speak about a crisis, we have the feeling of coming back to the old situation once the crisis is successfully overcome,” said Schwab.
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