Bank for International Settlements warns global economy faces multiple pressures

Jinse Finance reports that on June 29, the Bank for International Settlements (BIS), headquartered in Basel, Switzerland, released a report on the 28th local time, stating that the current global economic growth faces multiple pressures, including the potential unsustainability of the AI boom, fragility in the financial system, tight public finances, and upward inflation. The report also noted that a "historic closure" of the Strait of Hormuz could trigger a supply crisis for energy and other raw materials, posing a new threat to the global economic outlook. Although geopolitical tensions have eased and oil prices have fallen sharply, the impact of this shock may persist.
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