The Swiss town of Davos will host 52 heads of state and government and nearly 600 CEOs as the World Economic Forum hosts its annual meeting in the Alps next week, organizers said Tuesday.

“There is no doubt that our 53rd annual meeting in Davos will happen against the most complex geopolitical and economic backdrop in decades,” said forum President Borge Brende, pointing to challenges like the threat of global recession, soaring energy and food prices, and the need to better address global warming.

Brende pointed to “record participation” of 52 heads of state and government, more than half of them from Europe, as well as some recently elected leaders including President Yoon Suk Yeol of South Korea, President Gustavo Petro of Colombia and President Ferdinand Marcos Jr. of the Philippines. Nearly 300 government ministers were expected to take part.

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