United Nations Secretary-General Antonio Guterres outlines the “perfect storm” plaguing the global economy and shares what the U.N. is doing to help at Davos 2023.
United Nations Secretary-General Antonio Guterres offered a sobering outlook on the global economy at Davos 2023, warning the world is heading into the eye of a Category 5 economic hurricane.
“We are looking into the eye of a Category 5 hurricane. Our world is plagued by a perfect storm on a number of fronts,” Guterres said at the World Economic Forum Wednesday. “Start with the short term, the global economic crisis. The outlook, as we all know, is bleak. Many parts of the world face recession and the entire world faces a slowdown. And we see deepening inequalities and the rapidly unfolding cost of living crisis affecting women and girls the most. Supply chain disruptions and an energy crunch, soaring prices.”