Whisper it quietly, lest events change in the next few days — but in a departure from recent times, this year’s annual think-fest in the snow will be dominated by the fiscal crisis in North America rather than Europe.
Not because Europe’s debt problems are fixed, of course. They’ve just been knocked off the front pages by the dance of proposal-and-recrimination in Washington. With delicious timing, the World Economic Forum occurs as U.S. politicians scramble to meet another deadline, and the debt ceiling looms large. This topic will dominate conversations both on and off the official agenda.
The operating title for Davos this year is “Resilient Dynamism.” It neatly encapsulates the challenge of leadership in a period of “prolonged global economic malaise.”
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