stock markets: PwC said the rise in pessimism was unsurpassed in the 22 years it had been conducting the survey, with the downbeat mood a contrast to the bullishness of early 2018, when global growth was strong and stock markets were soaring, according to The Independent. Quick guide What is Davos Show Hide Davos is a Swiss ski resort now more famous for hosting the annual four-day conference for the World Economic Forum. The survey of chief executives conducted by the consultancy firm PwC to mark the start of the World Economic Forum in Davos showed a sixfold increase to 30% in the number of CEOs expecting global growth to slow during 2019. For participants it is a festival of networking. For critics, Davos man is shorthand for the globe-trotting elite, disconnected from their home countries after spending too much time in the club-class lounge. Getting an invitation is a sign you have made it and the elaborate system of badges reveals your place in the Davos hierarchy.
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