Davos: The World Economic Forum kicks off in the Swiss town of Davos on Wednesday. Leaders from over 90 countries representing business, government and civil society have arrived to debate issues that face the global economy.
Cars zipping across snow-lined streets and security being beefed up, the sleepy Swiss ski town of Davos is gearing up to welcome leaders from around the world.
Every year in the end of January, the rich and the powerful from around the world converge here at the congress centre to debate issues that face the global economy.
But this year's meeting assumes special significance coming at a time when the world is recovering from the worst crisis in recent history, a crisis in which 5 trillion dollars was pumped in as stimulus.
The world leaders are expected to discuss a host of issues like the stimulus exit strategy, the nature of the recovery and whether we are headed for a double-dip downturn, Obama's controversial banking reform, worries like inflation and asset price bubbles and how economies need to work towards reducing the mounting fiscal deficits.
The meeting will be opened by Nicolas Sarkozy. India Inc will be present in full attendance including Mukesh Ambani, Chanda Kochar, Anand Mahindra and Sunil Bharti Mittal.
While it's freezing cold in Davos, but leaders are hoping that the chill of the financial crisis is over and global economy will start warming.
Story first published:
January 26, 2010 09:21 IST