UBS chairman issues warning on credit


DAVOS: Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and sexual harassment, to the risks and opportunities of artificial intelligence. Not to mention hear a speech by President Donald Trump.

UBS chairman Axel Weber said at the forum that some markets, including real estate, may see a correction due to the “huge increase” in credit.

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