Switzerland ? The world’s foremost gathering of business and government leaders wrapped up a five-day meeting in Davos on Sunday with widespread agreement that a fragile recovery is under way but no consensus on what’s going to spur job growth and prevent another global economic meltdown.

In a group of big egos and many power players attending the annual World Economic Forum, there was even some humility and a realization that overcoming the first global financial crisis is uncharted territory.

The gathering of some 2,500 VIPs in the Swiss alpine resort saw much spirited debate on whether more regulation is needed for the financial industry and how to lower global unemployment and find ways to ensure the nascent recovery is kept on course through 2010.

The atmosphere of doom and gloom that pervaded last year’s forum, which took place at the height of the economic crisis, was replaced this year by a feeling of some satisfaction that a modest recovery is under way but uncertainty about the way forward and how banks should respond.