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WEF flags three major bubbles: crypto, AI and sovereign debt risks
WEF warns of bubbles in cryptocurrencies, AI and sovereign debt as valuations and debt levels hit historic highs.
World Economic Forum President Børge Brende has warned of three potential bubble zones in the global economy: cryptocurrencies, artificial intelligence and sovereign debt. Speaking in São Paulo, Brazil, Brende highlighted that global technology-stock valuations were already facing sharp declines and that government debt levels were the highest since 1945. He noted that while AI remains a major productivity force, it also poses a threat to white-collar jobs in major cities.
The warning comes amid rising macro fragility despite bullish sentiment on innovation.