Concern Year: Oil Prices and Davos Mood

concern year: Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased, according to Global Times China. And yet, as political leaders, CEOs and top bankers make their annual trek up the Swiss Alps to the World Economic Forum WEF in Davos the mood is anything but celebratory. Photo CFP The global economy is in better shape than it's been in years. Beneath the veneer of optimism over the economic outlook lurks acute anxiety about an increasingly toxic political climate and a deep sense of uncertainty surrounding the US presidency of Donald Trump, who will be inaugurated on the final day of the forum. His victory, less than half a year after Britain voted to leave the European Union, was a slap to the principles that elites in Davos have long held dear, from globalization and free trade to multilateralism. Last year, the consensus here was that Trump had no chance of being elected. (news.financializer.com). As reported in the news.