Sunday 8 December 2019

Michael Noonan joins Enda Kenny at World Economic Forum in Davos

Finance Minister Michael Noonan
Finance Minister Michael Noonan
Dearbhail McDonald

Dearbhail McDonald

Finance Minister Michael Noonan will travel with Taoiseach Enda Kenny this week to the World Economic Forum in Davos.

Minister Noonan had not been listed to attend on earlier drafts of the exclusive 2,500-strong delegate list. But the Sunday Independent has learned that he will travel to the small Swiss town with the Taoiseach, where the duo will meet investors and others at a keynote event hosted by the IDA.

The most talked-about guest is Chinese President Xi Jinping, who is attending Davos for the first time. Jinping will lead an 80-strong delegation of business executives and billionaires to the annual gathering, where he is expected to speak out against the protectionist policies espoused by Donald Trump, President elect of the United States.

Trump's swearing-in falls on Friday, the final day of the annual gathering of world leaders, corporate executives, actors and singers.

The WEF has warned that rising income inequality and the polarisation of societies pose a risk to the global economy and could result in the rolling back of globalisation.

Before its annual meeting the WEF said the gap between rich and poor fuelled last June's Brexit vote in the UK as well as Trump's election victory.

The degree of anxiety in this year's conference agenda reflects these concerns, including a panel of psychologists discussing appropriate emotions in a time of populism, with other sessions devoted to how to fix the middle class crisis.

Sunday Indo Business

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