DAVOS, January 29: The world's political and business elite converged in this icy Swiss ski resort today for the ultimate capitalist convention -- World Economic Forum -- with the focus on Asia's troubles and Europe's single currency.Around 2,000 top industrialists, financiers, central bankers, political leaders, media moguls and reporters packed into the conference centre.
Despite the uncertain economic outlook amid Asia's crisis, the forum began on an upbeat note. A survey of the world's corporate chieftains found that 95 per cent were optimistic about world growth in the next three years.
Half of 377 CEOs from among the world's 2,000 biggest companies, surveyed by Price Waterhouse, ranked Asia as offering the world's greatest opportunity for business despite its plummeting currencies and market turmoil.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
