The 48th annual World Economic Forum will take place in the Swiss town of Davos. The opening is scheduled for Tuesday. The theme of the year 2018 sounds as “Creating a shared future in a fractured world”.
This year, the forum will be attended by a record number of the world’s leaders and heads of international companies and banks.
One of the most awaited and rarest guests of the forum - US President - will attend the event in person this year. Donald Trump will deliver a speech on the last day, 26th January.
Besides Donald Trump, Davos will be attended by French President Emmanuel Macron, German Chancellor Angela Merkel, UK Prime Minister Theresa May, President of the European Commission Jean-Claude Juncker, Prime Minister of India Narendra Modi, Canadian Prime Minister Justin Trudeau, Israeli Prime Minister Benjamin Netanyahu, Ukrainian President Petro Poroshenko, and other heads of government and international corporations.
The founder of the forum Klaus Schwab appealed to the participants to avoid euphoria and to think over the social aspect of economic growth.
“Ten years later, we are now looking to the future with optimism, having coped with the financial crisis and resumed a steady economic growth. But we are still in a social crisis and, no doubt, we are living in a fractured world. Optimism shouldn’t make us forget that economic growth without resumption of “social contract” won’t be steady”, he said.