Debt Takes Front Stage at World Economic Forum

The World Economic Forum’s five-day annual meeting is scheduled to begin on Tuesday. Heading into the event, founder and executive chairman of the forum, Professor Klaus Schwab, commented on the meeting’s theme, which is resilient dynamism.

“To stem today’s spiral of pessimism and avoid the burnout of crisis management, we must look at the future in a much more positive, constructive, and dynamic manner, gaining the resilience to adapt to changing contexts, withstand sudden shocks, and recover from them while still pursuing critical goals,” said Schwab in a statement.

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The forum will convene in Davos, Switzerland, between January 22 and January 27, to “discuss and advance the most critical issues on the global agenda.” That list of issues, as noted by Schwab, “is a long one that includes the unresolved debt problems in the United States and Europe, the troubling global economic outlook, the turmoil in the Middle East and North Africa, and the bulge in youth unemployment.”