"What we know is that what we lack is cooperation", the forum's president, Borge Brende, told reporters, adding that the gathering of 70 heads of state and government as well as key figures from the world of business may make a vital contribution toward overcoming current obstacles in global trade and elsewhere.
Klaus Schwab couldn't confirm whether Trump will actually attend the WEF event in the Alpine snows on Friday, as scheduled, because of the USA government shutdown.
PwC singled out the US, with optimism recovering strongly following the recent focus on regulation and tax reform by the Trump administration.
Prime Minister Narendra Modi will deliver the keynote address at the World Economic Forum meeting in Davos on the 23rd of January.
The WEF theme in 2018 is - "Creating a Shared Future in a Fractured World".
L'Oreal's hijabi model pulls out of campaign over Twitter backlash
Gareth Icke, a musician, wrote: "AmenaKhan loses her L'Oreal gig because in 2014 she called Israel "child killers". Last week, L'Oréal announced Khan's deal, which she said she was "so excited and incredibly proud " of.
A recent survey by the World Economic Forum appeared to criticise Trump and his ferocious brand of "strongman" politics.
Further, the event each year also witnesses a large prominent celebrity guest list, with Cate Blanchett and Elton John set to be attending this year. The Swiss air force is providing 2,580 troops, while 1,600 are infantry and 187 are from the military police.
Klaus Schwab, Founder and Executive Chairman, WEF.
"Like everyone else, we were shell shocked when Mr. Trump got elected and we feared awful things".
Prime Minister Sheikh Hasina attended the 47th annual meeting past year and she was invited this time too but sent the foreign minister to represent Bangladesh, the official told UNB.
On the eve of its 48th annual meeting in Davos, the World Economic Forum released the latest report of its own measurement tool: the Inclusive Development Index.
Trump's audience at the 48th annual meeting will include more than 3,000 participants from 110 countries - 70 heads of state and government, 1,900 business leaders, 45 heads of global organizations.
"The majority of executives I meet with are very pleased with what the White House has done around tax reform and deregulation - Trump will be applauded for that", Ryan said.