CURRENT POLITICS - BIS Annual Report Notes
Bank for International Settlements, Annual Report, 29 June 1914.
The upswing has disappointed.
Debt-to-Gross Domestic Product ratios are now 275 per cent in the advanced economies and 175 per cent in the Emerging Market Economies.
This surge in debt has postponed the day of reckoning.
Must tackle the others head-on.
Reverse the decline in productivity growth
Address structural deficiencies.
That will require
further liberalization of product and labour markets,
Revised tax codes
And a more focused use of public spending.
Stringent regulation essential
Need proactive, rigorous and intrusive supervision.
Confidence dented by manipulation in favour of the big money.
See also Economics