The story of Day 1 at Davos 2022
Ukrainian President Volodymyr Zelenskyy addressed Davos 2022. Image: World Economic Forum/Sikarin Fon Thanachaiary
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- The first day of Davos 2022 heard from global leaders on topics from the economy to the energy and food crises.
- Ukrainian President Volodymyr Zelenskyy and H.H. Sheikh Tamim Bin Hamad Al Thani, Amir of the State of Qatar, addressed the Annual Meeting.
The first in-person meeting since the start of the pandemic kicked off with public sessions today, covering the the most urgent issues on the global agenda, including the war in Ukraine, energy insecurity, the global economic outlook, the erosion of globalization, youth mistrust and health systems.
Here's a quick digest of the highlights.
Ukrainian President Volodymyr Zelenskyy addresses Davos
Volodymyr Zelenskyy, President of Ukraine, gave a special address to Davos today. He thanked the global community for its support following the Russian invasion of his country, but called for more help.
He discussed the creation of a fund to rebuild Ukraine called United 24. As part of that, he said "we propose to establish a global structure that can, within 24 hours, provide sufficient support to any country."
At its conclusion, he received a standing ovation from Davos 2022 participants.
Read more about the address here.
A Special Address by H.H. Sheikh Tamim Bin Hamad Al Thani
We were also joined by the Amir of the State of Qatar, H.H. Sheikh Tamim Bin Hamad Al Thani.
He called attention to the world's 'forgotten or ignored' conflicts.
But, he struck a positive note looking ahead to the FIFA Football World Cup, which will be held in Qatar later this year.
Read more about his address here.
The global economy
The regionalization of globalization? Two Davos experts weigh in.
No real economic recovery without a trade and an investment recovery: Digital Foreign Direct Investment Initiative launched.
What's around the corner? Our Global Economic Outlook panelists looked at the need to tackle inflation and the potential for rate rises, plus the impact of the war in Ukraine - and also explained why a possible recession is a 'banana'.
And in the United States? An uncertain outlook - we're coming out of the pandemic but into inflation at 40-year-highs, the war in Ukraine and other shocks. So what does growth look like in this new reality? And how should businesses and the Fed react?
A tale of two crises
Fatih Birol told us it was the first truly global energy crisis, while David Beasley spoke of how the pandemic had already complicated global efforts to reduce famine and food insecurity, and how those challenges have only intensified with the conflict in Ukraine. He warned, we're 'taking food from the hungry to give it to the starving.'
Read more about the sessions:
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