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WEF

Economic Recovery or Double Whammy?

Tuesday, February 5, 2002

World leaders attending the World Economic Forum are convinced that the economy will recover and that the United States will be the motor. But there are also those who feel there could be a second economic recession.

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THE World Economic Forum (WEF) this year is different to previous years. Since it started in 1971, this informal forum for business figures, politicians, academics and others from around the world has always been held in Davos—a beautiful region of Switzerland, well known as a ski resort.

However, at the initiative of Klaus Schwab from the WEF, this year the forum is being held in New York. The change of location—for this year only

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