Article 6EVCD Beware sharper economic slowdown and tougher inflation, warns adviser to central banks

Beware sharper economic slowdown and tougher inflation, warns adviser to central banks

by
Phillip Inman
from Economics | The Guardian on (#6EVCD)

Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price falls

Financial markets should be wary of stubborn inflation and a sharper economic slowdown next year than forecasters predict, the Swiss-based adviser to central banks has warned.

The Bank of International Settlements said exuberant stock markets were at risk of ignoring the negative aftershocks from persistent inflation, which could trigger a wave of insolvencies and a steep fall in property prices.

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