03/02/2009 05:12 am ET Updated Dec 06, 2017

Gloomy Davos Economists (VIDEO)

Fresh from a meeting with some of the high profile economists here in Davos, Time Magazine and Fortune columnist Justin Fox summarizes their pessimism, with particular worry for the financing shortage faced by emerging markets.

In a separate video, Pascale Lamy, Director General of the World Trade Organization, described the rival economic forces for and against protectionism gathered in Davos.