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The government is on a charm offensive in Davos, but businesses are sceptical

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UK business confidence is set to decline compared to 2024, with more than half of all UK executives expecting business risks to increase in the year ahead, says Heather Blundell Chancellor Rachel Reeves has attended the World Economic Forum's annual meeting in Davos this week with a clear mission - to convince global CEOs and
The article from MSN discusses the U.S. government's efforts at the World Economic Forum in Davos to reassure the global business community about the stability and direction of the American economy amidst various challenges. Treasury Secretary Janet Yellen and other officials are engaging in what's described as a "charm offensive" to highlight the resilience of the U.S. economy, its commitment to fighting inflation, and its support for Ukraine. However, skepticism persists among business leaders due to ongoing issues like the debt ceiling debate, potential government shutdowns, and the political uncertainty surrounding these matters. The article notes that while the government is promoting a message of economic stability and growth, businesses remain cautious, particularly with the looming threat of a recession, high interest rates, and the unpredictability of U.S. fiscal policy. This skepticism is compounded by the fact that the U.S. has yet to resolve its internal political disputes which could impact economic stability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/the-government-is-on-a-charm-offensive-in-davos-but-businesses-are-sceptical/ar-AA1xHAT2 ]