As the European Central Bank came under new leadership on November 1st when Christine Lagarde took over as President, the IMF wasted no time to issue a warning to all of Europe in regards to an economic slump. Interestingly enough, Lagarde was the Managing Director of the IMF. Many analysts are focused on the US-China trade truce, or better the first phase of it, which will do little to nothing to avert a pending global economic recession. Harvard Professor and former US Treasury Secretary Larry Summers added “I’m all for it.

The World Economic Forum, which is held every year in the Alpine resort town of Davos, Switzerland, has commenced and the global elite from the private sector and governments are gathering this week to discuss everything from the economy to innovation and from security to immigration. Many deals get either announced or signed and there are plenty of forums hosted to give leaders a platform to share ideas and discuss problems which the economy is likely to face in the near future.