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Debt now at highest levels since Napoleonic wars: WEF Prez Brende
short by Debaroti Adhikary / on Monday, 29 April, 2024
World Economic Forum President Borge Brende said global debt is now at the highest levels since the Napoleonic wars in the 1800s. "We are close to 100% of GDP in global debt," he said during a meeting at Riyadh in Saudi Arabia. He also warned against the potential economic stagnation as growth remains positive but continues to be fragile.
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