The theme of the World Economic Forum (WEF) summit would be 'Cooperation in a Fragmented World' and it will convene more than 2,700 leaders from 130 countries.

While Davos has not seen any major security issue in over 50 years of hosting the WEF meeting, insiders say that the military cog has always been the best here when it comes to coordinating between various units.

The WEF said globally businesses are expected to cut costs significantly in response to economic headwinds, but chief economists are optimistic about inflation and strong balance sheets.