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Viewsroom

Viewsroom: Global elite-lite takes Davos downer

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 24 January 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

Pessimism reigns supreme at the annual gathering in the Swiss Alps thanks to trade wars, the U.S. government shutdown and rising populism. Several major leaders stayed away entirely. The event remains a networker’s dream, but self-awareness and problem-solving are sorely lacking. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.7

The economist know which way is up.

0:20.6

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:30.5

Welcome to the Views Room, a weekly podcast from Reuters Breaking Views. I'm Jennifer

0:34.9

Sabah, and I'm here with Anthony Curry. Hello, Anthony. Good day.

0:38.6

All right, the World Economic Forum, also known as Davos, is well underway in the Swiss Alps.

0:43.6

The annual gathering of politicians and businessmen is an annual right of passage, but this year,

0:48.9

the markets are shaky, trade wars are brewing, and political tensions are simmering throughout

0:53.3

the world. On the scene in

0:55.2

Davos, Switzerland is our Breaking Views columnist Clara Fierra Marquez. Clara, welcome to the program.

1:01.2

Thank you very much. So I think first things first, what, I mean, because this is every year,

1:07.1

what about this year makes Davos interesting and what's kind of jumping out at you?

1:13.0

Well, I think it's really the contrast with last year. So if you think back to last year,

1:19.2

we had Trump, there was a huge optimism, a lot of talk about synchronized growth. This year is

1:26.3

palpably more anxious. And that's really on two fronts.

1:30.1

I mean, on the one hand, there's the economy, the U.S. shutdown, which obviously means that we do not

1:34.7

have a U.S. delegation here, a sizable one, the slowdown in China, the trade war, when does

...

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