Deflation fears as c bankers eye global pick-up

The annual meeting of the Bank for International Settlements kicked off on Sunday 29 June with central bankers predicting a "gradual sluggish pick-up across the world moving into next year" outgoing Bank of England Governor Sir Edward George said.

Source: Reuters

Central bank governors from around the world met in the Swiss city of Basel yesterday as fears grow about a stuttering global economic recovery, the dangers of deflation and the outlook for stock markets.

At the annual meeting of the Ba