BIS raises fears over lower global growth trajectory
The Bank for International Settlements' (BIS) Quarterly Review, published on September 17, has warned of a continued slowdown in global growth in Q3 as cross-border lending remained low and the eurozone debt crisis weighed on markets.
During a telephone conference with journalists, Stephen Cecchetti, the head of the BIS's monetary and economic department, said the pace of recovery in advanced economies remained "disappointing". Based on provisional estimates, the BIS said growth in the US had
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