Global economy may be close to a “tipping point” says the Bank for International Settlements - the banker for central banks
Jun 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The global economy may be close to a "tipping point" that could see it enter a slowdown so severe that it transforms the current period of rising inflation into a period of falling prices, the Bank for International Settlements (BIS) said on Monday.