The head of the World Economic Forum warns that AI, cryptocurrencies, and debt could become three major bubbles
2025-11-05 22:21:27
Global financial marekts could face three potential bubbles that deserve global attention, the head of the World Economic Forum (WEF) said on Wednesday. "We could see a bubble in the future. One is a cryptocurrency bubble, the other is an AI bubble, and the third is a debt bubble," Brende said during a visit to Brazil's financial hub of Sao Paulo. He added that governments' debt levels had not been this high since 1945. While AI has the potential to bring significant productivity gains, it could also pose a threat to a large number of white-collar jobs, Brende pointed out. " At worst, we could see something like the'American Rust Belt 'in big cities, where jobs are more likely to be replaced by AI in cities with a large number of back-office jobs and a high concentration of white-collar workers. "He cited recent announcements of job cuts by companies such as Amazon and Nestle ́ as examples of this trend.
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