ISLAMABAD: World Economic Forum (WEF) President Borge Brende has said the world is facing the “most complex” geopolitical environment in recent history.
He issued the warning ahead of the WEF meeting in Tianjin, China.
According to Brende, the ongoing global unrest is putting downward pressure on economic growth.
He stressed that conflicts, trade fragmentation, and political instability are hindering global cooperation.
Brende noted that the world economy cannot recover in isolation from geopolitical peace.
He called for increased dialogue between major powers to stabilize markets and restore confidence.
WEF Highlights Economic Uncertainty
The WEF chief pointed out that emerging markets are especially vulnerable.
Rising interest rates, inflation, and war-linked supply disruptions are key challenges.
The Forum aims to promote policy coordination to mitigate these risks.
Brende emphasized that inclusive growth and sustainable development are urgent global needs.
He encouraged global leaders to avoid nationalism and protectionism in response to crises.
Focus on Cooperation in China Forum
The upcoming WEF session in Tianjin will bring together policymakers, economists, and business leaders.
Key discussions will center around climate, digital transformation, and investment flows.
Brende expressed hope that collaborative actions would emerge from the summit.
