Ozzy George Osborne (UK Chancellor) speaking at the World Economic Forum

Warning that the global economy faces a "dangerous cocktail of risks"

Cites:

  • China's growth slowing
  • Oil prices drop

Also:

  • Oil at under $30 a barrel helps British consumers by making energy cheaper
  • But its also created volatility
  • Combined with a weak start to the corporate earnings season and higher interest rates in the U.S., this is creating a "hazardous mix" of factors underpinning the global economy

Osborne will deliver his speech in Davos, Switzerland on Friday. I can't wait.

Bloomberg have the story

Ozzy has dropped his drink