Davos' sense of "consensus" is that the world is not optimistic, but is learning to coexist with uncertainty

At every Davos World Economic Forum, the market's greatest concern is not a single golden quote, but the pervasive "sense of consensus" in the air. This year in Davos, there is no collective optimism about the global economy, nor panic-driven pessimism; instead, there is a more realistic sentiment: uncertainty will not disappear, but the world is adapting to it.
High inflation, geopolitical conflicts, and industrial restructuring remain core topics, but the focus has shifted from "how to avoid risks" to "how to operate within risks." This means that global decision-makers are accepting a new normal: low growth, high volatility, and fragmentation will persist in the long term. The signals from Davos are not about stimulation or rescue, but about managing expectations and reducing vulnerabilities.
This tone has a profound impact on the markets. It does not encourage extreme bets nor support full-scale defense, but instead promotes asset allocation towards diversification and dynamic balance. In other words, Davos is telling the market: the era of a single macro narrative dominating everything is over. #达沃斯世界经济论坛