Davos warning as growth picks up: Don't get too excited
Opening-day message for corporate and political leaders attending the World Economic Forum? Enjoy the party while it lasts
Booming stock markets and the best global economic growth in seven years are fuelling record levels of optimism among chief executives, according to a survey released by PricewaterhouseCoopers late Monday in Davos, Switzerland.
But just hours earlier, the International Monetary Fund used the gathering to argue that while the outlook for this year and the next was better than previously anticipated, a recession may be closer than many acknowledge and that investors and policy makers should guard against complacency.
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