Davos elites see a major risk ahead for markets with looming U.S. debt standoff

Francesca Volpi/Bloomberg/Getty Images (Fair Use)

The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, they said.

The resilient U.S. economy, a mild European winter and China’s reopening have given investors and forecasters hope that a severe recession can be avoided, Citigroup

The U.S. economy has slowed since the Federal Reserve began raising interest rates last year, sowing fears that a recession was unavoidable.

READ MORE: https://www.cnbc.com/2023/01/18/davos-elites-see-a-major-risk-ahead-for-markets-with-looming-us-debt-standoff.html