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At Davos, Mood Is Somber as Many CEOs Question Economic Outlook
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wsj.comDAVOS, Switzerland—The end of the free-money era has put a chill in the Swiss mountain air.
Business leaders and economists gathered here this week for the World Economic Forum’s annual event say they see the world buffeted by high interest rates that central banks have pushed through to combat inflation. That has created a threat of recession, and led some of the world’s biggest companies to hold their breath—and their spending—ahead of an uncertain year.
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