Author: Staff and agencies

As global government debt levels continue to rise, the head of the Bank for International Settlements (BIS) warns of potential disruptions in financial markets, particularly ahead of France’s critical parliamentary elections. Agustín Carstens, the BIS general manager, foresees a “smooth landing” from the inflation crisis, but urges caution from policymakers, emphasizing the need to curb the mounting public debt. With elections around the world posing risks, particularly in France where Emmanuel Macron’s snap election decision has sent shockwaves through the economy, concerns about fiscal sustainability loom large. The BIS annual report highlights the challenges posed by proposed economic stimulus plans,…