Explanation:

Both statements are correct.

• The World Economic Forum (WEF) is holding its Annual Meeting from January 20 to 24 in Davos, Switzerland.

• It was established in 1971 as a not-for-profit foundation by German engineer and economist Klaus Schwab. It was originally known as the European Management Forum.

• In 1987, the European Management Forum formally became the World Economic Forum and sought to broaden its vision to include providing a platform for dialogue.

• It engages organizations and leaders through dialogue, debate and commitments for action in the service of building more future-ready, resilient, inclusive and sustainable economies and societies.

• Reports published by the World Economic Forum: Global Competitiveness Report, Global Information Technology Report, Global Gender Gap Report, Global Risks Report, Global Travel and Tourism Report, Global Enabling Trade Report.

• It has headquarters in Geneva, Switzerland and offices in New York and San Francisco in the United States, in Beijing, China and in Tokyo, Japan.

Hence option 3rd is correct.