Global economy ‘flashing red’ warns world’s central bank - Sydney Morning Herald

The global economy is facing a 1970s spiral of low growth and high inflation, the Bank for International Settlements warns, with Australians most at risk.

Writing in The Sydney Morning Herald and The Age, BIS general manager Agustín Carstens said the current combination of high inflation coupled with historically high debt levels is unprecedented. He … [+3198 chars]

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