On 5 November 2025, the president of the World Economic Forum (WEF) flagged three potential bubbles in the global economy: in AI applications, cryptocurrencies and sovereign debt. The comments came as technology stocks slipped and valuations remained elevated across multiple sectors. He cautioned that massive debt levels and rapid innovations in AI may mask underlying risks. Policymakers and investors were urged to monitor leverage, asset-price growth and systemic fragilities emerging in the post-pandemic era.