'Risky trinity' requires urgent global policy action, BIS says | Reuters:
"Global economic policy urgently needs rebalancing, the Bank for International Settlements (BIS) said on Sunday, as the world faces a "risky trinity" of high debt, low productivity growth and dwindling firepower at the world's big central banks.
The BIS, an umbrella body for major central banks, said in its annual report that the global economy was highly exposed even before Thursday's vote by Britain to leave the European Union.
"There are worrying developments, a sort of "risky trinity", that bear watching," said the head of the BIS monetary and economic department, Claudio Borio."
'via Blog this'
No comments:
Post a Comment