By  on January 23, 2008

GENEVA — The annual World Economic Forum that begins today in Davos, Switzerland, is likely to be dominated by concerns that the sharp downturn of the U.S. economy, the world's largest, could trigger a global recession.

The gathering of world business and political leaders comes as the Federal Reserve, responding to an international stock sell-off on Monday, took emergency action on Tuesday to reduce the U.S. benchmark interest rate by three-quarters of a percentage point.

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