Bank for International Settlements Sees Economy Near 'Tipping Point' - WSJ.com
In its annual report, the central bank for central banks said the impact of rising food and energy prices on consumers' incomes, combined with heavy household debts and a pullback in bank lending, may lead to a slowdown in global growth that "could prove to be much greater and longer-lasting than would be required to keep inflation under control." Full Story »
Posted by Harv Roth
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