World Economic Forum: What will Davos be without the annual meeting?

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NEW YORK - For the second year in a row, the World Economic Forum scrapped its annual meeting in the Alpine resort town of Davos, Switzerland, because of the Covid-19 pandemic.

The gathering is an essential stop on the annual circuit for the global elite, a weeklong schmoozefest where billionaires and autocrats mingle over canapés while activists protest in the frigid mountain air. Companies make climate pledges. Economists discuss inequality. Everyone walks on the same slippery, slushy roads.

Before the pandemic,"Davos" came to connote not simply the annual meeting of the WEF itself, but a state of mind. Facebook constructed a temporary headquarters on the town's main thoroughfare, known as the Promenade. Salesforce held a private lunch in a giant geodesic dome. Normally packed with lanyard-wearing conference-goers hustling from a meditation session led by monks to a panel discussion about sovereign wealth funds, the halls of the Congress Centre are, for the time being at least, empty.

Whether the organisers will be able to pull off a gathering in Davos this summer remains up in the air. Cases are skyrocketing around the globe. Switzerland has introduced new restrictions as hospitals in the country are once again strained.

 

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