World Economic Forum 2023: Numbers reflecting successes and failures


Klaus Schwab, founder of the World Economic Forum, President of the European Commission Ursula von der Leyen, First Lady of Ukraine Olena Zelenska and Swiss President Alain Berset pose for a group photo on January 17, 2023 at the start of the 53rd annual meeting of the World Economic Forum Forum in Davos, Eastern Switzerland. capstone

The handshake was back in full force at the 2023 World Economic Forum, to the point where the lost and found team in the main conference center was overwhelmed by the multitude of misplaced gloves. It also seemed like the Covid-19 pandemic was a thing of the past, although the participants had to take saliva tests at the start of the conference. While few wore face masks, most attendees adopted the QR code — popularized by the pandemic — to exchange digital business cards.

This content was published on 20 January 2023 – 14:33 Jul,

Davos

Sometimes the most prominent trends in a forum – up and down – can be better captured by numbers. Here are some of them as seen by SWI swissinfo.ch correspondents who were on the ground in Davos all week.

82

This is the age of the founder and president of the World Economic Forum, Klaus Schwab. As he and Swiss President Alain Berset warmly welcomed the world’s business and political elite to the Magic Mountain, an undisclosed number of staff from the World Economic Forum visited the Guardian.external link British to express their concern, the man has been the chairman of the forum for 52 years. It appears that the issue of his succession at the helm of the Forum is awkward and shrouded in mystery.

“Klaus selects his top aides according to the same criteria that Putin uses to select Duma deputies: loyalty, cunning and sex appeal,” the staff group said.

2/3 (two thirds)

World Economic Forum Chief Economist Forecast: Nearly two-thirds of fifty or more senior economists believe a global recession is likely in 2023; While 18% of them consider it very likely, more than double the number reported in the previous survey conducted in September 2022.

Only a third of respondents think a global recession is unlikely this year. They all believe that there will be very low and tepid growth in 2023, whether there is a recession or not. For Switzerland, the State Secretariat for Economic Affairs expects a growth rate of 0.7% in 2023, down from 2.1% in 2022.

%8

Swiss NGO Public Eye crunched the numbers and concluded that the commodity sector in Switzerland now contributes more than 8% of GDP, up from the usual 3.8%, thanks to excess profits from the health pandemic and war in Ukraine. She called on the Swiss government and parliament to ensure a fair distribution of the extraordinary profits made in times of crisis at a time when millions of people are struggling to cope with rising energy and food prices.

“A tenfold increase in profits in a time of crisis, as in the case of Glencore, is clearly illegal,” Public Eye said in a report released during the week of the World Economic Forum. As a result, and as already established in the European Union and in a number of other countries, a special tax on excess profits linked to the crisis by energy and commodity companies should be levied in Switzerland.

The idea of ​​a “sudden tax” or “windfall” is endorsed by only a handful of oil and gas CEOs who participated in public discussions at the World Economic Forum. Oil executives argue that such measures will hurt investment in renewable energy and undermine economic growth. But these kinds of arguments leave no stone unturned for a younger generation of climate activists such as the Swedish climate activist Greta Thunberg. She came to the famous spa and blasted the World Economic Forum as a gathering of the people at the heart of the climate crisis, the people who invest in various fossil fuels.

“These people will go as far as they can as long as they can get away with it, and they will continue to invest in fossil fuels, and they will continue to put the population at risk for their own gain,” she said. an event on the sidelines of the forum.

The booming of artificial snow cannons around Europe’s highest city provided a frequent reminder of the great dangers of the climate crisis. And the world’s enduring love for cars was evident in Davos with the World Economic Forum’s electric rickshaws, Uber vans, taxis, private limousines and roadblocks lining the resort’s streets.

Al Gore, former US vice president, chairman and co-founder of Generation Investment Management, warned that the “crisis of [المناخ] It continues to get worse faster than we release solutions, as emissions continue to rise.” “The number of refugees is expected to increase as a result of (climate) change,” the leaders reminded the forum participants.

87%

In the new phase (which followed the Covid-19 pandemic), and the spread of the phenomenon of hybrid work (that is, spread between the traditional office and outside it), most employees reported that they do more in terms of of productivity. Productivity indicators such as hours worked, meetings attended and other activity metrics collected worldwide by Microsoft confirm this. But despite the evidence and facts, 85% of business leaders do not see the diligence their employees are doing and are still stuck in the “productivity paranoia”, with their increasing tendency to use technological tools to monitor the activity of their employees track when they should realistically focus on impact measurement.

The bottom line is that business leaders underestimate employee productivity.

$23.84 trillion

Cyber ​​attacks have increased during the pandemic as the rapid adoption of networked devices has become critical to work, education and healthcare. Despite the ongoing threat, security protocols lag far behind the growing cost to the global economy of cyberattacks, which is expected to rise from $8.44 trillion (CHF7.7 trillion) in 2022 to $23.84 trillion by 2027. According to a new report by the World Economic Forum, on the “State of the Connected World 2023”, only 4% of experts worldwide are “confident” that networked devices are properly secured.

%2

Only 2% of the $810 billion spent on philanthropic giving was allocated to reducing emissions, according to the World Economic Forum, which launched a new initiative, Giving to Expand Actions for Earth (GAEA), to mobilize philanthropic capital to exploit to help reduce emissions Save the $3 trillion needed annually to address climate change and wildlife loss.

Meanwhile, research by the Zurich-based South Pole found that of the nearly 60,000 global companies monitored, only 1,075 — less than 2 percent — set “neutrality” as their goal of my brother. During the demonstration, Majdi Batatu, executive vice president of Nestlé and responsible for operations, said: “That [الذين يضعون أهدافا] They will be criticized and asked to do more.” As for “those who… [لا يضعون أهدافا] They get away with it.”

2% is also the share of the amount that women founders receive from the total resources earmarked for venture capital funding. The Female Quotient, a woman-owned company that promotes equality in the workplace, is trying to change that by creating a directory of curated recommendations for the people and resources they need to get their business off the ground.

2600 francs

Schweiz am Vochende weekly reported that a three-bedroom studio in Davos in the canton of Graubünden costs CHF2,600 ($2,800) per night during the World Economic Forum, which runs from January 16 to 20. If service and cleaning fees are added, it amounts to 15,000 francs for the five nights of the event. As for next February, it is possible to rent the same studio for 150 francs per night.

5000

The Swiss parliament has renewed its approval to assign five thousand male and female soldiers of the Swiss army to ensure the safety of about three thousand participants in the annual conferences of the World Economic Forum for the years 2022, 2023 and 2024.

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