The World Economic Forum in Davos will be rescheduled next year due to coronavirus. The meeting, which is normally held in January, will now be held in the summer.

In a statement WEF said, “The decision was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the “Great Reset” in the post-COVID-19 era is so urgent. However, the advice from experts is that we cannot do so safely in January.” 

WEF will now hold a series of Davos Dialogues in the week of Jan. 25, where key global leaders can share their views on the state of the world in 2021.