The US President is now scheduled to make a high-profile speech at the World Economic Forum (WEDF) on Friday at 1pm GMT on the fourth and final day of the conference.
But in the end, they said, Trump, the first sitting USA president to attend the forum since Bill Clinton in 2000, wanted to go to call attention to growth in the US economy and the soaring stock market.
PwC singled out the USA, with optimism recovering strongly following the recent focus on regulation and tax reform by the Trump administration.
German Chancellor Angela Merkel will speak about the future of Europe at the World Economic Forum in Davos but will leave before US President Donald Trump is due to arrive, her spokesman said Friday. Eight US Secretaries and cabinet members will also be at Davos.
Inside the halls of the forum, some 400 debates and panels will be convened on topics such as economic growth, the environment, terrorism, artificial intelligence, the outlook for Africa, and ways that refugees can contribute to their host countries.
WEF founder Klaus Schwab had said earlier Monday that it would be "good to have the president here, if the snow conditions and the situation in Washington allow us".
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However, the IDI data shows that "growth is a necessary but not sufficient condition for robustly rising median living standard". However, India's position lies even below other neighboring countries like Nepal (22), Bangladesh (34) and Sri Lanka (40).
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It also said "identity politics" could fan geopolitical and domestic risks.
An armed Swiss officer stands guard on the roof of a hotel near the Congress center, where the annual meeting of the World Economic Forum take place in Davos. The Swiss air force is providing 2,580 troops, while 1,600 are infantry and 187 are from the military police.
Already, there has been at least one major protest in response to news the the USA president would be attending this year's forum in Davos.
This follows the embarrassing ruckus caused by Mr Trump just a couple of weeks ago when he denounced the US Embassy move to south London, labelling Nine Elms as an "off location".
Rubbing shoulders with the world's most elite power brokers comes with a hefty price tag, The Sun says: "While economists, politicians and journalists are invited, businesses have to pay around $40,000 (£29,000) to send a single delegate to the event".
Both ardent defenders of multilateralism and liberal democratic values, they are expected to lay out the counter-argument to Trump's "America First" policies.