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"Swiss economist Mr Schwab, speaking on the eve of the elite annual gathering in the Swiss mountain resort of Davos, called for business and government leaders to focus on 'cautious realism' and a recovery of public trust, to avoid another major financial crisis.
"In an interview with the Associated Press, he said:
"The problems and the risks have not gone away. The world economy may still confront a collapse, if very negative constellations occur."
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