AMNC23: Braving the Headwinds: Rewiring Growth Amid Fragility
World Economic Forum
00:00
Introduction
NPLOS and Cordial. Welcome to our annual meeting for new champions, also called Summer Davos 2023. This year we're seeing economic growth of 2.8% compared to last year 3.4%. We will have to make sure that we are not moving into like a lost decade. That has to be done also by cooperation. And trade is playing an important part here. For many years, trade was the driving engine for growth. Trade used to grow around 6% per year. No, it's growing 2%. If we introduce new tariffs and like bagger-down neighbor approach instead of prosper your neighbor approach, we will not get back on the sustainable growth trajectory.
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