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At Davos, Mood Is Somber as Many CEOs Question Economy’s Future
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DAVOS, 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 inflation and the high interest rates that central banks have pushed through to combat it—and the threat of recession as those rates choke at least some demand. That is leading some of the world’s biggest companies to hold their breath—and their spending—ahead of an uncertain year.
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