World Economic Forum postpones Davos due to pandemic
The World Economic Forum has decided to postpone its 51st Annual Meeting in Davos due to safety concerns surrounding the coronavirus pandemic.
The elite conference at the Swiss Alps resort town, frequented by billionaires and heads of state, will be rescheduled for early next summer. The gathering was originally slated to take place in January 2021.
"The decision was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the 'Great Reset' in the post-COVID-19 era is so urgent," Adrian Monck, managing director of public engagement at the World Economic Forum, said in a statement Wednesday. "However, the advice from experts is that the Forum cannot do so safely in January."
ABC News’ Christine Theodorou contributed to this report.