Davos elites see a major risk ahead for markets with looming U.S. debt standoff
Publishing timestamp: 2023-01-18 16:29:21
Summary
At the World Economic Forum this week, finance and tech CEOs expressed optimism about the economy in 2023, but there is a major risk looming for markets. The US is at risk of defaulting on its debt for the first time in history this summer due to a political standoff over raising the debt limit. Investors and forecasters are hoping for a mild recession, but the situation is complicated. Early signs this month suggest that markets are beginning to awaken, but it is too early to tell if this is a sign of better times.
Sentiment: MIXED
Keywords: united states, marc benioff, investment strategy, salesforce inc, business news, janet yellen, economic events, switzerland, citigroup inc, breaking news: markets, davos, politics, breaking news: investing, banks, national debt,