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Global Economy to Witness a Major Reset, Emirates President Says

  • Long-haul airline chief cites Trump impact on world trade
  • Airline industry could emerge stronger from looming test
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Photographer: Matthew Lloyd/Bloomberg

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U.S. President Donald Trump’s trade battles and the accumulation of global debt to pre-financial crisis levels are among factors that will drive a major reset of the world economy in the next two to three years, according to the head of the world’s biggest long-haul airline.

“We have some extraordinary geopolitical forces at play,” Emirates President Tim Clark told attendees at an aviation event in the Indian Ocean nation of Mauritius. The industry could be facing a “mini” global financial crisis within two to three years and “there is going be a major reset,” he added.