Davos elites see a major risk ahead for markets with looming U.S. debt standoff

Davos elites see a major risk ahead for markets with looming U.S. debt standoff

The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, they said.

The resilient U.S. economy, a mild European winter and China’s reopening have given investors and forecasters hope that a severe recession can be avoided, Citigroup

The U.S. economy has slowed since the Federal Reserve began raising interest rates last year, sowing fears that a recession was unavoidable.

READ MORE: https://www.cnbc.com/2023/01/18/davos-elites-see-a-major-risk-ahead-for-markets-with-looming-us-debt-standoff.html

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