Bank for International Settlements: Global economy faces multiple pressures, including high debt and AI boom, etc.

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Jinse Finance reported that on June 29, the Bank for International Settlements (BIS) stated that global pressures ranging from rising public debt to financial fragility and the sustainability of the artificial intelligence (AI) boom are intensifying risks, highlighting the need for prudent policymaking. The BIS's Annual Economic Report, released on Sunday, warned that there is currently a complex set of vulnerability factors, including tight fiscal conditions, persistent supply shocks, and the risk of inflation remaining stubbornly high. The bank said that while economic activity has remained resilient in recent months, policymakers must take decisive action to maintain stability. "Policy actions must be coordinated to avoid constraining the global economy. Ultimately, success depends on sound fiscal and financial foundations," said Pablo Hernandez de Cos, General Manager of the BIS.
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