Davos: Business leaders warn global outlook has 'darkened'

Asked whether expected a recession, IMF head Kristalina Georgieva said: "No, not at this point. It doesn’t mean it is out of the question."

IMF managing director Kristalina Georgieva is not yet expecting a recession.

Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest, with some flagging the risk of a worldwide recession.

Political and business leaders gathering for the World Economic Forum (WEF) meet against a backdrop of inflation at its highest level in a generation in many rich economies.