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General Category => General News => Topic started by: NadiaWits on September 21, 2023, 12:01:19 PM
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Beware sharper economic slowdown and tougher inflation, warns adviser to central banks
Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price fallsBusiness live – latest updatesFinancial markets should be wary of stubborn inflation and a sharper economic slowdown next year than forecasters predict, the Swiss-based adviser to central banks has warned.The Bank of International Settlements said exuberant stock markets were at risk of ignoring the negative aftershocks from persistent inflation, which could trigger a wave of insolvencies and a steep fall in property prices. Continue reading...
Source: Beware sharper economic slowdown and tougher inflation, warns adviser to central banks (https://www.theguardian.com/business/2023/sep/18/beware-sharper-economic-slowdown-and-tougher-inflation-warns-adviser-to-central-banks)