The so-called "Davos Conference", a gathering of world political and business leaders, ended on the 20th with the participation of central bank leaders and others to discuss the impact of record inflation on the global economy.
The World Economic Forum's annual general meeting, the "Davos Conference," was held in Switzerland from the 16th, and about 2,700 people, including leaders of the world's political and business circles, participated in many discussions on the theme of "cooperation in a divided world." exchanged.
On the 20th, a session was held on the outlook for the world economy, attended by top central bankers including Governor Kuroda of the Bank of Japan.
In it, European Central Bank President Christine Lagarde said, ``The global economy will be better than we had feared due to China's change in its ``zero corona'' policy, but the increase in energy consumption will intensify inflationary pressure.'' pointed out that prices could continue to rise.
Former U.S. Treasury Secretary Summers warned that “allowing inflation to spike again would jeopardize the living standards of low-income earners and pose great risks to the economy.”
On the other hand, at the Davos meeting this time, there was a lively exchange of opinions, including a series of proposals for cooperative efforts to tackle global issues such as Russia's invasion of Ukraine and climate change countermeasures. It's closed.