Financial leaders still positive on global economy

TIANJIN: The current financial turmoil in the United States was the main concern of leading CEOs and investors when they met on Friday ahead of the World Economic Forum's annual meeting of New Champions.

Three speakers at the session, all heads of major accounting firms, said they do not foresee a global recession despite the current financial crisis.

"We are currently at a very difficult spot," Samuel Dipiazza, CEO of PricewaterhouseCoopers, told reporters.