Reported about 7 hours ago
The Bank for International Settlements (BIS) has declared the global economy is at a 'pivotal moment' due to trade tensions and geopolitical conflicts that threaten to destabilize the financial system. Agustin Carstens, the outgoing head of BIS, cautioned that these factors are undermining public trust in institutions, including central banks, with rising protectionism exacerbating economic growth decline and increasing vulnerability to shocks. The report highlighted concerns over escalating public debt and a significant drop in the value of the U.S. dollar, while emphasizing the importance of stable financial structures.
Source: YAHOO