The welcoming ceremony for the World Economic Forum annual Meeting 2022 was held as scheduled on 22 May 2022 in Davos, Switzerland.

Economists warned on Wednesday that the world must be prepared for rising inflation in the remaining months of this year, and global economic growth will be seriously hampered by multiple factors, including the conflict between Russia and Ukraine.

High inflation will be especially serious in the United States, Europe, and Latin America, said economists participating in the ongoing World Economic Forum in Davos, Switzerland.

In a panel discussion titled The Outlook for Inflation, Jason Furman, Aetna professor of the practice of economic policy at Harvard University, said: “In the US, a much higher ratio of the inflation is demand. Yes, there has been supply problems, but people are buying 10 to 15 percent more goods than usual. So, the supply problem is more that supply can’t keep up with the unbelievable voracious demand of American consumers, demand that has raised goods prices worldwide.”