NEW DELHI, July 10: The Bank for International Settlements (BIS) has warned policymakers about the fragility of the World economy, BIS termed the situation of the global economic scenario as the “pivotal moment.”
BIS is an international financial watchdog that is owned by member central banks with the main goal of maintaining financial cooperation among central banks to foster global economic development.
In a report released last month, the BIS highlighted that the global economy is prone to the ongoing trade tensions and geopolitical risks. Agust n Carstens ( Currently serving as the General Manager, BIS) pointed out the US-driven trade war and other policy shifts disturbing the global economic order.
The report also highlighted the dire need for structural reforms in the global economy, with increasing investment…
