By  on January 24, 2008

DAVOS, Switzerland — The World Economic Forum kicked off here Wednesday with a strong dose of pessimism over the global ramifications of the slowdown in the U.S. economy.

The tone was set before a day of wild swings on U.S. stock markets that ended with a surge of 2.5 percent, or 298.98 points, in the Dow Jones Industrial Average, which at one point dropped 326 points.

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