Ukraine war, price shocks have ‘darkened’ economic outlook, leaders warn in Davos

Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.

Political and business leaders gathering for the World Economic Forum (WEF) meet against a backdrop of inflation at its
highest level in a generation in major economies including the United States, Britain and Europe.

These price rises have undermined consumer confidence and shaken the world’s financial…