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Christine Lagarde, President of the European Central Bank, attends the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

Christine Lagarde, President of the European Central Bank, attends the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

The logo of the World Economy Forum is displayed at a window of the venue prior to the opening of the event in Davos, Switzerland, Sunday, May 22, 2022. The annual meeting of the World Economy Forum is taking place in Davos from May. 22 until May. 26, 2020. (AP Photo/Markus Schreiber)

The logo of the World Economy Forum is displayed at a window of the venue prior to the opening of the event in Davos, Switzerland, Sunday, May 22, 2022. The annual meeting of the World Economy Forum is taking place in Davos from May. 22 until May. 26, 2020. (AP Photo/Markus Schreiber)

Hassan El Houry CEO National Aviation Services poses for a photo during an interview with The Associated Press at the World Economic Forum in Davos, Switzerland, Tuesday, May 24, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Kelvin Chan )

Hassan El Houry CEO National Aviation Services poses for a photo during an interview with The Associated Press at the World Economic Forum in Davos, Switzerland, Tuesday, May 24, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Kelvin Chan )

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People at the European Commission attends a session at the 51st annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, May 25, 2022. (Gian Ehrenzeller/Keystone via AP)

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People at the European Commission attends a session at the 51st annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, May 25, 2022. (Gian Ehrenzeller/Keystone via AP)

John Kerry, United States Special Presidential Envoy for Climate arrives for a news conference during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

John Kerry, United States Special Presidential Envoy for Climate arrives for a news conference during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

Bill Gates, Co-Chair, Bill & Melinda Gates Foundation, attends a news conference during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

Bill Gates, Co-Chair, Bill & Melinda Gates Foundation, attends a news conference during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)