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>> Ladies and gentlemen, is the most important factor for growth.>> But the world seems a bit short on that right now, amid growing criticism globalism is not working for the masses and capitalism is only benefitting the elite. On Wednesday at the World Economic Forum it was up to the political leaders of Japan and Germany to stick up for the worldwide cooperation that's been seen as a major driver of expanding economic growth.
I'm Conway Gittens in Davos, that message made even more difficult by other global leaders for major economies who had to stay at home. Because of domestic issues or to avoid the image of hobnobbing with the global elite just ahead of elections. Davos attendees hope a friendlier stance between nations could ease some of the economic angst that's been building.
Citigroup CEO, Michael Corbin.>> I think we're going to hear consensus around what people expect to be a slower 19 than 18 and I think the conversation's all about the trajectory.>> Japanese Prime Minister Shinzo Abe acknowledged the global economy has taken a hit from the US China trade dispute and Britain's impending divorce from the European Union.
>> I call on all of you, ladies and gentlemen, to rebuild trust toward the system for international trade.>> German Chancellor Angela Merkel pushed that point even further.>>
> I think we should understand our national interests in a way that we can understand the national interests of others.
And create win win situations as a precondition for multilateralism.>> And in a thinly veiled swipe at US President Trump, Merkel warned against countries taking the go it alone approach. Saying partners need to stand together to tackle the challenges yet to come.