Global banking and finance leaders at the annual World Economic Forum in Davos, Switzerland, talked about the outlook of the global economy. The panel included IMF Chief Christine Lagarde, who urged world leaders not to be complacent with their consolidation measures as the economic recovery has just begun. She was joined by financial representatives from countries including China, Japan, Canada and South Africa. The World Economic Forum is an annual event held in Davos, Switzerland attended by thousands of global leaders from government, business, economics and philanthropy.