Donald Trump will address the World Economic Forum’s annual meeting in Davos virtually and give it a miss in person—his glittering presidential inauguration in Washington DC will be underway just as the influential annual gathering of global movers and shakers, as well as many who fancy themselves to be, gets underway in this Swiss ski town.
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But concerns over the impact of his upcoming presidency—the combative trade policies he promised on his campaign trail as well as the likely withdrawal of US support to Ukraine and its fallout on Europe, especially—will cast a formidable shadow over the meeting, which has steadily grown in influence since its inaugural edition in 1971.
The anxiety over Russia ending up at Europe’s doorstep was dramatically vocalised this week by NATO secretary general Mark Rutte, when he said European nations should sharply increase funding for their own defence or start learning the Russian language.
“We are meeting at one of the most uncertain moments in a generation, as new geoeconomic, geopolitical and technological forces reshape our societies,” WEF president and CEO Børge Brende wrote in a dispatch to the 3,000 invited attendees on the eve of the opening. “The dynamic changes taking place are creating both significant challenges to address, as