Most Interesting Insights from Davos 2020

Most Interesting Insights from Davos 2020

A collection of the most memorable quotes from the participants of the World Economic Forum 2020.

The prime minister of Finland, Sanna Marin on female leadership:

We all have to fight each and every day for equality, for a better life, as there are things happening in the world going backwards.

Former U.S. Vice President Al Gore on climate change:

This is Thermopylae. This is Agincourt. This is Dunkirk. This is the Battle of the Bulge. This is 9/11.

Greta Thunberg, young environmental activist, on human-made environmental disaster:

You say children shouldn’t worry. You say: “Just leave this to us. We will fix this, we promise we won’t let you down. Don’t be so pessimistic.”

And then — nothing. Silence. Or something worse than silence. Empty words and promises which give the impression that sufficient action is being taken.

We demand that at this year’s World Economic Forum participants from all companies, banks, institutions and governments:

Immediately halt all investments in fossil fuel exploration and extraction.

Immediately end all fossil fuel subsidies.

And immediately and completely divest from fossil fuels.

We don’t want these things done by 2050, 2030 or even 2021, we want this done now.

Our house is still on fire. Your inaction is fuelling the flames by the hour. We are telling you to act as if you loved your children above all else.

German Chancellor Angela Merkel on a dialogue with the new generation of climate activists:

The impatience of our young people is something that we should tap. If the world is going to keep global warming to below 1.5 degrees C, we need to speed up. I am totally convinced that the price of inaction will be far higher than the price of action. 

Bank of Japan Governor Haruhiko Kuroda on Japan’s economy:

In the fourth quarter of last year, the Japanese economy had negative growth … largely because of two typhoons. Certainly, a low interest rate situation prevailing for so long a time, including negative interest rates, means that there might be some side-effects on the financial system. We have been carefully monitoring the financial sector and financial markets, So far we have not seen any kind of financial bubble or financial excess.

U.S. President Donald Trump on U.S. economy:

The United States is in the midst of an economic boom – the likes of which the world has never seen before. Since my election, America has gained over seven million jobs. America has gained 12,000 new factories under my administration. Ten million people have been lifted off welfare in less than three years. Unemployment rates among African Americans have reached record lows.

J.P. Morgan Chase CEO Jamie Dimon on central banks:

Right now people think central banks around the world can do whatever they want. They can’t. They’re intelligent, looking at all the facts trying to figure out what to do.

Billionaire investor Paul Tudor Jones on today’s economic policy in developed countries:

We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination.

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Julie Clements is a journalist writing about business management and leadership.