Mr. Saad Kolak, the President of Kolak Group, made a statement from Davos 2025.

Davos attendees include leaders from business, governments, civil society, faith groups, academia, and the arts—as well as the global media.

In CBO’s projections, economic growth cools from an estimated 2.3 percent in calendar year 2024 to 1.9 percent in 2025 and 1.8 percent in 2026 amid higher unemployment and lower inflation. The Federal Reserve continues reducing interest rates through the end of 2026, which supports economic growth.

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