One global economy, two visions
Feride İnan
29 January 2018
The World Economic Forum's 48th annual meeting in Davos, Switzerland, kicked off with copious measures of optimism and caution. On one side, IMF upped its global growth projections for 2018 and 2019 right before the meetings began. Also prior to Davos was an announcement by Apple, the most valuable company in the world, that it would contribute $350 billion to the US economy, creating 20,000 new jobs in the next five years. Both these developments set a tone of optimism for the meetings. At Davos, CEOs cheered and clapped the US tax reform, companies declared their goodwill and vowed to increase workers’ wages among other concessions, envisioning an ever-stronger American economy that would strengthen global growth along with it.On the other end, IMF director Christine Lagarde appeared cir
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