World Economic Forum President warns of a decade of low global growth due to high debt levels.
World Economic Forum President Borge Brende warns of a decade of low global growth due to high debt levels, close to those seen during the Napoleonic Wars. He urges governments to consider how to reduce debt without causing recessions, and warns of a "stagflation" risk for advanced economies. Brende also highlights persistent inflationary pressures and sees generative AI as an opportunity for developing countries.
April 28, 2024
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