WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'

WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars' - Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy. - He said governments needed to consider how to reduce that debt and take the right fiscal measures without getting into a situation where it kicks off a recession. - He also motioned persistent inflationary pressures and that generative artificial intelligence could be an opportunity for the developing world. Borge …