Davos optimism over fragile economy downplays risks such as corruption

  • by: JOHN HEILPRIN , Associated Press
  • Updated: January 27, 2013 - 11:08 AM

DAVOS, Switzerland - The political, business and academic elites at the World Economic Forum expressed renewed optimism at the global economy, with more liquidity, more unity in Europe and the fiscal cliff scaled by U.S. politicians. But other risks — especially that of not doing enough to combat persistent corruption — are emerging as new threats to a fragile global economy beset by challenges.

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