Global debt nearing Napoleonic Wars levels, warns WEF president

Summary: Borge Brende, President of the World Economic Forum, warned of a decade of low global growth without proper economic measures. Global debt ratios are nearing levels last seen in the 1820s, with a global growth estimate of 3.2% this year, down from the usual 4%. He emphasized the need to avoid trade wars, address rising debt levels, and consider fiscal measures to prevent recession.

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