World economy appears shaky on eve of Davos with politics to blame

The summit formally begins on Tuesday although the tone will be set a day before when the International Monetary Fund publishes new growth forecasts

High in the Alps, the global elite will be feeling low about the economic outlook.

The ski resort of Davos, Switzerland, will again play host next week to the World Economic Forum’s annual meeting, drawing JPMorgan Chase & Co.’s Jamie Dimon, German Chancellor Angela Merkel and Chinese Vice President Wang Qishan. Domestic political strife is forcing U.S. President Donald Trump and U.K. Prime Minister Theresa May to stay home.

Those still going will do so as their economies lose momentum just a year since they enjoyed a rare synchronized upturn. While few predict a recession, companies are the most bearish