Last week, the 53rd World Economic Forum (WEF) took place in the snow-filled city of Davos, Switzerland. This year's forum attracted the largest number of delegates comprising corporate and political leaders, economists, scholars, civil society and A-class artists.

With the theme, "Cooperation in a Fragmented World", the forum concluded without attracting any meaningful local media attention. Yet, according to an article posted by the consulting giant McKinsey, the five key take-home action points have weighty policy implications for the domestic economy.

Based on the McKinsey's summary of the forum, ongoing and unforeseen economic disruptions are not expected to slow down anytime soon. Thus, organisations and nations must make building resilience a priority today to survive tomorrow. This means that even as Covid-19 eases out, the economy is not out of the woods yet. Policy choices have threfore to factor in these risks both in the medium and long term.