At the World Economic Forum in Davos, business and policy leaders spent the week weighing how a more fragmented, “ruptured” global economy could reshape trade, investment, and cooperation. President Trump drew outsized attention with rhetoric and policy signals that several participants said add uncertainty to cross-border commerce, even as many economists argued the underlying outlook for global growth remains relatively resilient. Canada’s Prime Minister Mark Carney used the meeting to urge “middle powers” to coordinate in the face of intensifying great-power rivalry and the use of economic integration as leverage, a message that resonated with parts of the Davos audience while prompting debate over how best to respond. Despite the tension, the week’s core takeaway for businesses was ...
At the World Economic Forum in Davos, business and policy leaders spent the week weighing how a more fragmented, “ruptured” global economy could reshape trade, investment, and cooperation. President Trump drew outsized attention with rhetoric and policy signals that several participants said add uncertainty to cross-border commerce, even as many economists argued the underlying outlook for global growth remains relatively resilient. Canada’s Prime Minister Mark Carney used the meeting to urge “middle powers” to coordinate in the face of intensifying great-power rivalry and the use of economic integration as leverage, a message that resonated with parts of the Davos audience while prompting debate over how best to respond. Despite the tension, the week’s core takeaway for businesses was practical: plan for more policy volatility while still pursuing opportunity in areas like technology and the energy transition that remained on the agenda.
Highlights:
- Cooperation push: Economic policymakers urged governments and companies to “filter out” the week’s turmoil and keep focusing on boosting growth and fighting inequality, arguing trade will continue to flow even in a more difficult political climate.
- Carney’s framing: Carney described a world of “intensifying great power rivalry,” warning that powerful countries can use economic integration as coercion and calling on “middle powers” to band together.
- Davos spotlight: DW’s live wrap said President Trump, Ukraine’s President Volodymyr Zelenskyy, and Carney attracted the most attention as the forum concluded after a tense but “anti-climactic” week.
- Agenda squeeze: ABC News reported Trump’s presence and messaging overshadowed planned Davos discussions on artificial intelligence and renewable energy, themes many executives had expected to dominate.
- Rupture debate: Bloomberg noted not everyone agreed with Carney’s diagnosis of a “ruptured” world, underscoring how leaders at Davos differed on whether fragmentation is inevitable or manageable.
If we’re not at the table, we’re on the menu. - Mark Carney
Perspectives:
- Trump administration: President Trump took center stage at Davos with rhetoric and results that drew heavy attention from participants. (ABC News)
- Global economic policymakers: Many senior officials emphasized that global growth remains resilient and urged renewed cooperation despite trade disruptions and political clashes. (ABC News)
- Canada’s government: Prime Minister Mark Carney argued that “middle powers” should coordinate to avoid being pressured by larger rivals. (The Guardian)
- Davos commentators: Some voices questioned or resisted Carney’s “ruptured world” framing, reflecting disagreement over how severe today’s fragmentation is. (Bloomberg)
- WEF observers: Axios framed Davos as a crossroads moment, with leaders debating how to reconfigure economic cooperation in a more fragmented era. (Google News (Axios via RSS))
Sources:
- Not Everyone Agrees With Carney Over Ruptured World - bloomberg.com
- World leaders are at a crossroads over future of "ruptured" global economy - Axios - google.com
- Trump, Zelenskyy, Carney dominate Davos 2026: As it happened - dw.com
- Trump steals the show in Davos with a mixed bag of rhetoric and results at elite gathering - abcnews.go.com
- Economic leaders at Davos say global growth is resilient despite trade disruptions by Trump - pbs.org
- ‘At the table or on the menu’: a turbulent Davos week with Trump’s circus in town - theguardian.com