Economy
Global economy
BIS warns converging 'pressure points' leave global economy exposed
In its Annual Economic Report, the Bank for International Settlements warns that a cluster of converging vulnerabilities leaves the global economy dangerously exposed, and urges policymakers to act before adjustments become costlier. The report's focus on sovereign-bond fragility and non-bank finance lands squarely on Luxembourg, the world's second-largest fund domicile.