Jackson Hole: policy-makers come to defence of disruption

Agustín Carstens
Carstens: protectionism risks “perfect storm”
Photo: Bank of Mexico

Disruption from globalisation and technology is likely to bring long-term benefits and any attempt to reverse the effects could put the global economy at risk, speakers at Jackson Hole said over the weekend.

Bank for International Settlements general manager Agustín Carstens said signs of a “retreat into protectionism” are alarming and could damage both the real economy and global financial markets.

Meanwhile, Bank of Canada governor Stephen Poloz said it was up to policy-makers to offer

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