Leaders at the World Economic Forum urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality.
The global economy is showing unexpected resilience despite the noise, European Central Bank head Christine Lagarde, International Monetary Fund head Kristalina Georgieva and World Trade Organization head Ngozi Okonjo-Iweala during a discussion at Davos.
But while growth is holding up, troubles like worrisome levels of government debt and inequality loom.
That resilience is holding up despite disruptions from US trade policy under President Donald Trump, who threatened to impose tariffs on countries supporting Greenland against a U.S. takeover bid, then withdrew the tariff proposal.
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Trump provokes ire after downplaying NATO’s Afghanistan involvement
Trump has provoked outrage in the U.K. with his suggestion that troops from NATO countries stayed away from the frontline during the war in Afghanistan.
In an interview in Davos, Switzerland, on Thursday, Trump said he was not sure NATO would support the U.S. if and when requested.
He says troops “stayed a little back, a little off the front lines.” U.K. Defense Secretary John Healey says those British troops ”should be remembered for who they were: heroes who gave their lives in service of our nation.”
US finalizes withdrawal from World Health Organization
The U.S. has finalized its withdrawal from the World Health Organization.
Officials announced the completion Thursday, which follows Trump’s announcement a year ago.
The U.S. owes over $130 million to the WHO, and unresolved issues remain, like access to global health data. Experts warn the move could harm global health responses and hinder U.S. vaccine development.
The withdrawal affects U.S. participation in WHO committees and global flu surveillance. Trump cited the WHO’s handling of COVID-19 and lack of reforms as reasons for the exit. Critics call the decision shortsighted and reckless.
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