Davos, Switzerland (CNN Business)A year ago, the mood in Davos was upbeat. The global economy was humming, President Donald Trump’s tax cuts were kicking in and a trade war between the United States and China was still just a threat.
Fast forward to this week’s World Economic Forum and the atmosphere could hardly have been more different.
“There’s not much optimism,” said Nelson Cunningham, lawyer and a former adviser to the Clinton administration who has been coming to Davos for 21 years. “But are we too pessimistic? I don’t know, I think the pessimism this year is warranted.”
