MARCHASIA BUSINESS OUTLOOK9DAVOS 2023: WHAT CORPORATES, WORLD LEADERS & OTHERS HAD TO SAYIMPRESSIONSThe World Economic Forum is a prestigious forum where global concerns can be discussed, it was originally formed for resolving international conflicts. It is a prestigious forum which is attended by Chief Executives of Fortune 500 companies and occasionally heads of state. This is an annual event which takes place at the end of January and is invite only. The World Economic Forum was the brainchild of Klaus Schwab, a German engineer and economist. This lobbying organization is mostly funded by its 1000-member corporations. This year the forum is already turning out to be fruitful for the discussions of the threat of inflation and climate change. It is also the platform for various nations to have business negotiations, exchange ideas and many more. This year at Davos the meetings are already in full swing with major decisions being taken and targets being set. Let us have a look at the highlights of this meetEconomy: Inflation being at an all-time high in 2022 was certainly a disaster for the global economy, this issue was also addressed by the deputy MD of the IMF who said "even if inflation comes down, prices are high because we don't have deflation, we have lower levels of inflation. The prices have gone up. How much of an impact that has had on households and on consumption varies across countries". This was a delicate matter as it was risky to tackle this without the threat of recession hanging over us.Healthcare: The pandemic proved the fragility of various aspects of our society, particularly the healthcare sector, it showed the cracks of how ill equipped we are to
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