02/28/2009 05:12 am ET Updated May 25, 2011

Davos: Officials And Leaders See No Quick Fixes To Global Economic Crisis

Deep gloom marked the first day of the World Economic Forum in Davos on Wednesday, with economists, officials and business leaders seeing no quick fixes to the global economic crisis and warning against a growing protectionist mood.

Co-chairs of the event, including Stephen Green, chairman of HSBC, and Rupert Murdoch, chairman of News Corp, cautioned that isolationism and protectionism threatened the chances of creating a more sustainable kind of capitalism.

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