Kathryn Lurie

DAVOS (Reuters) – Monday saw the return of the World Economic Forum to Davos with a special spring meeting. This is the first day of Day 1.

ECONOMIC OUTLOOK ‘DARKENS’

At Monday’s Davos Think-Fest, the worry of world-famous global elites was heightened by multiple economic threats.

Gita Gopinath, IMF’s First Deputy Managing director, stated that there are major risks to economic growth. She also said that Ukraine’s conflict could become more intense.

Kristalina Georgieva (IMF managing director) stated that war, tighter finances and price shocks for food have all “darkened the outlook” in the past month after the IMF cut their global growth outlook. She is however not expecting a recession.

MEET YOU AT BITCOIN PIZZA, BRUH

Davos forum participants were offered a complimentary bitcoin pizza stall as well as a Liquidity lounge. This was despite the recent decline in cryptocurrency values.

However, the $800 billion loss in digital currency market value hasn’t stopped cryptocurrencies and their suppliers from displaying their products and services.

One of the most important stablecoins worldwide,, provided free pizza slices for Pizza Day. The offer was made in memory of Laszlo Hansyecz’s purchase of two pizzas with 10,000 Bitcoin in 2010. It was about $41, at that time.

FEAR OF FUELING OIL SUPPLY CHUNCH

As a result, many companies have been reluctant to make investments in oil production amid rising green energy costs. Saudi Aramco (TAWAUL:) TADAWUL told Reuters that it could not increase production speed faster than what was promised.

Amin Nasser, the chief of the world’s largest oil producer said he is sticking with the goal of increasing capacity by 13 million barrels/day from the 12 million at present, even though there have been calls for it to be done faster.

LIEV SCHEIBER AT DAVOS

The war with Russia can be won by Ukraine, but it will take a long time and there must be a way to keep the conflict alive. This was the statement of Liev Schreiber (Hollywood actor) Monday at Davos.

Schreiber said that “it’s overwhelming how resilient Ukrainian people are” and spoke to Reuters TV at the World Economic Forum. Schreiber was born of Polish and Ukrainian heritage. [L2N2XF1HP]

The four-day event will feature Ukraine at the top of its agenda. It began with Volodymyr Zelenskiy’s video address.