The World Economic Forum has confirmed that Trump's scheduled speech remains on track for its planned 2:30 PM start time, corresponding to 3:30 PM GMT. The announcement provides clarity on the timing of what is anticipated to be one of the forum's marquee presentations.

Speech Timing Details

The forum organizers have provided specific timing information to ensure global audiences can follow the proceedings:

Forum Context

The World Economic Forum serves as a premier platform for global leaders to address pressing economic, political, and social challenges. Trump's participation adds significant weight to this year's proceedings, with attendees and observers worldwide expected to closely monitor the content and implications of his remarks.

The confirmation of the speech timing allows participants and media organizations to coordinate their schedules accordingly, ensuring maximum engagement with the presentation. The forum's announcement demonstrates the organizational precision required for such high-profile international events.

Global Audience Preparation

With the timing now confirmed, international audiences can prepare to follow the speech across different time zones. The dual time reference (local and GMT) facilitates global coordination and ensures widespread accessibility to the proceedings.

The World Economic Forum's confirmation underscores the significance placed on maintaining scheduled programming, particularly for presentations expected to generate substantial international interest and discussion among the global economic community.

Eswar Prasad, Professor of Economics at Cornell University, issued stark warnings about the deteriorating state of global economic and political systems during his appearance at the World Economic Forum in Davos. Speaking to CNBC-TV18, Prasad painted a concerning picture of an increasingly fragmented international landscape where traditional cooperation mechanisms are breaking down.

Fragmentation of Global Order

Prasad emphasized that the global economic and political order appears increasingly fragile, with institutions that once commanded respect and authority now facing significant credibility challenges. He noted a visible crumbling of the established world order, attributing this decline to rising geopolitical and economic tensions that have strained international relationships.

The Cornell economist highlighted a fundamental shift in how globalisation is perceived, moving from a framework of mutual benefit to one increasingly viewed as a zero-sum game. This transformation represents a significant departure from decades of international economic cooperation and integration.

Institutional Legitimacy Crisis

According to Prasad, institutions historically responsible for establishing and maintaining global rules are experiencing a crisis of legitimacy. These organizations, which previously served as pillars of international cooperation, are now being questioned and viewed with skepticism by various stakeholders.

China's Economic Challenges

Turning to specific regional concerns, Prasad addressed China's economic situation, noting that the country faces significant internal challenges despite maintaining its export-driven economic model. He observed that China continues to rely heavily on exports as a primary source of revenue generation, even while grappling with domestic economic pressures.

Artificial Intelligence Impact Assessment

Prasad provided a nuanced view of artificial intelligence's current and projected impact on the global economy. While acknowledging that AI is expected to have substantial effects across various sectors, he noted that its direct impact on corporate bottom lines has remained relatively muted thus far.

However, the economist issued a significant warning about employment implications, suggesting that job growth could emerge as a major global challenge as AI adoption accelerates worldwide. This concern reflects broader anxieties about technological displacement and its potential to exacerbate existing economic inequalities.

Economic Outlook Concerns

The combination of institutional fragility, shifting perceptions of globalisation, and technological disruption creates a complex landscape for global economic development. Prasad's observations suggest that traditional approaches to international economic cooperation may require fundamental reassessment in light of these evolving challenges.