World Economic Forum warns of impact of global tensions

LONDON (AP) — Tensions in international relations and nationalist politics have the potential to further weigh on the global economy this year, organizers of next week's gathering of business and political leaders in the Swiss ski resort of Davos warned Wednesday.

In its annual Global Risks Report, the World Economic Forum said a "darkening" economic outlook, in part fostered by geopolitical tensions between the United States and China, "looks set to further reduce the potential for international cooperation in 2019."

In 2018, the global economy slowed more than most forecasters had been predicting and stock markets around the world posted their worst year in a decade. Some of that has been blamed on the standoff between the U.S.