Billionaire venture capitalist Jim Breyer is heading to the Swiss Alps this year with an upbeat message. “This is a magical time,” says Breyer, founder and CEO of Breyer Capital and a partner at Accel Partners. “Innovation is happening in centers of excellence around the world faster than ever before.” His optimism contrasts with the trouble-ahead warnings that business and government leaders will hear this week at the annual meeting of the World Economic Forum in Davos, Switzerland. Japan and Europe are expected to grow only about 1 percent this year, and one-time dynamos like Brazil, China, and Russia are losing speed.

H/T Barry Ritholtz

The Global Innovation Index

Click for interactive inforgraphic.

Innovation Index Infographic

Infographic source: Bloomberg