The Congress Center, the venue for the World Economic Forum (WEF), center, in Davos, Switzerland, on Saturday, Jan. 7, 2023.
It is not the first time the summit has been sparsely attended by leaders from the powerful political union.
That included former U.S. leader Donald Trump, who attended twice during his one term in office, unlike his predecessor Barack Obama, who never attended.
His own predecessor, Angela Merkel, was a regular Davos presence during her 16-year term, most recently challenging the increasing "own interests first" mentality of some nations in 2019.
"I expect it is partly reputational risks, given the current situation, of enjoying the high life in Davos," he said.