His warning chimes with a recent report from the International Monetary Fund which noted that global public debt had edged up to 93% of GDP last year, and was still 9 percentage points higher than pre-pandemic levels. The IMF projected that global public debt could near 100 % of GDP by the end of the decade.

Global Debt Concerns: The World Economic Forum (WEF) president highlighted unprecedented global debt levels, comparable to those last seen during the Napoleonic Wars. Economic Growth Risks: There’s a warning of potential “stagflation” and a decade of low growth if proper economic measures aren’t implemented. Fiscal Measures: Governments are urged to consider how to reduce debt and take the right fiscal steps without triggering a recession. AI Opportunity: Generative artificial intelligence is mentioned as a possible opportunity for the developing world. The page also discusses the global economy’s outlook, inflationary pressures, and geopolitical risks.