New York
\nThe world is facing the \u201cmost complex\u201d geopolitical situation seen in decades, the head of the World Economic Forum (WEF) told AFP Tuesday, warning that turmoil was \u201cimpacting global growth\u201d.
\n\u201cIt is the most complex geopolitical and geo-economic backdrop we\u2019ve seen in decades,\u201d WEF President and CEO Borge Brende said ahead of a meeting of the multilateral forum in the northern Chinese city of Tianjin.
\n\u201cIf we are not able to revive growth again, we can unfortunately see a decade of lower growth,\u201d he warned.
\nOfficials including Singaporean Prime Minister Lawrence Wong will attend this week\u2019s WEF meeting in the port city of Tianjin \u2014 known colloquially as the \u201cSummer Davos\u201d.
\nThe meeting comes hard on the heels of the United States\u2019 involvement in the Iran-Israel conflict and follows months in which the global economy has been battered by a tariff war launched by US President Donald Trump.
\nBrende told AFP it was still too soon to predict the impact of Trump\u2019s swingeing tariffs.
\nIt is \u201ctoo early to say what these tariffs will end with because the negotiations are still ongoing\u201d, he said.
\n\u201cI think the jury is still out, but the traditional globalisation we saw is now changed into a different system,\u201d he said. \u201cThat is a new chapter… especially since trade was the engine of growth.\u201d
\nBrende also warned mounting conflict could have a \u201cvery negative impact\u201d on global growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York The world is facing the \u201cmost complex\u201d geopolitical situation seen in decades, the head of the World Economic Forum (WEF) told AFP Tuesday, warning that turmoil was \u201cimpacting global growth\u201d. \u201cIt is the most complex geopolitical and geo-economic backdrop we\u2019ve seen in decades,\u201d WEF President and CEO Borge Brende said ahead of a […]<\/p>\n","protected":false},"author":2,"featured_media":486381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-486372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n