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The Global Economy Is Vulnerable and Central Banks Aren’t Ready

Fergal O'Brien, Marcus Bensasson
The Global Economy Is Vulnerable and Central Banks Aren’t Ready

The global economy is looking shaky and the economics chief at the Bank for International Settlements says central banks may be powerless if it all goes awry. Claudio Borio, a long-time critic of loose monetary policy, used the BIS’s latest Quarterly Review to highlight again that central bankers were overburdened after the global financial crisis.