World Economic Forum participants call for maintaining free trade to create space for global growth
2025-01-23
Faced with many challenges such as geopolitical crises, globalization headwinds, and intensified climate change, how to reshape the global economic growth pattern has become one of the discussion focuses of the World Economic Forum's 2025 annual meeting. Several attendees called for the international community to work together to continue upholding free trade and creating space for global growth. The "Chief Economist Outlook" report released by the World Economic Forum before the annual meeting shows that over half of the surveyed chief economists are not optimistic about the economic trend in 2025. Analysis shows that trade protectionism and global economic fragmentation are intensifying, public debt and high inflation are dragging down economic growth, and regional economic recovery will exhibit uneven characteristics. On January 21, in Davos, Switzerland, President of the European Commission von der Leyen addressed the 2025 annual meeting of the World Economic Forum. Peng Ziyang, a reporter from Xinhua News Agency, photographed von der Leyen, president of the European Commission, and said that the 21st century has passed nearly a quarter, and the global pattern is ushering in profound changes. Global integration is receding, and geopolitical competition is becoming increasingly fierce. As major economies around the world compete in raw materials, new technologies, and trade routes, economic tools such as sanctions, export controls, and tariffs are frequently used. Von der Leyen believes that the world should avoid vicious competition, update the rule system and work together to meet common challenges. She called on the international community to strike a balance between ensuring security and promoting innovation and prosperity, believing that "breaking the bonds of the global economy is not beneficial for anyone". Von der Leyen also said that in order to promote future economic development, Europe will strive to narrow the innovation gap, overcome the shortage of labor and labor skills, and seek a balance between decarbonization and competitiveness. On January 21st, in Davos, Switzerland, German Chancellor Scholz attended the World Economic Forum 2025 Annual Meeting. German Chancellor Scholz believes that Europe needs free and fair global trade, and isolation policies in the economic and trade fields will harm prosperity. Germany will continue to defend free trade. Swiss Federal President Karin Keller Zutter stated that in the face of global economic uncertainty, governments around the world need to take measures to strengthen economic resilience. She said that free trade has promoted poverty reduction in many parts of the world and brought prosperity to all mankind, and "forgetting this is wrong". Keller Zutter also emphasized the importance of healthy public finances, believing that the increasing debt burden of many countries will pose risks to the stability of the international financial market. She said that the financial market is the most globalized market, and the stability of the global financial market requires joint efforts from multiple parties. On January 21st, in Davos, Switzerland, the Director General of the World Trade Organization, Ivica, delivered a speech at the World Economic Forum 2025 Annual Meeting. Photo by Xinhua News Agency reporter Lian Yi. Director General of the World Trade Organization, Isabella, emphasized that maintaining the openness and predictability of international trade is crucial, and the "small circle" trade will have a serious negative impact on the global economy. She called for the creation of a healthy and sustainable global supply chain to further enhance the resilience of the global economy. Ivira pointed out that in order to promote steady global economic growth, countries should take effective measures to maintain macroeconomic stability and properly address inflation and public debt issues. She believes that if the development and application of artificial intelligence can overcome imbalances and other issues, it will effectively improve production efficiency, reduce trade costs, and promote rapid growth in global trade. The founder of the World Economic Forum, Schwab, stated that the transition from the industrial age to the intelligent age is occurring at an exponential rate, with new technologies bringing new risks and opportunities. To address these new challenges, the international community needs to strengthen cooperation in the intelligent age. (New Society)
Edit:Yi Yi Responsible editor:Li Nian
Source:news.cn
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