Bank for International Settlements warns that the global economy is facing multiple pressures

Jinse Finance reported that on June 29, the Bank for International Settlements, headquartered in Basel, Switzerland, released a report on the 28th local time stating that the current global economic growth is facing multiple pressures, including the possible unsustainability of the artificial intelligence boom, vulnerabilities in the financial system, fiscal constraints, and rising inflation. The report also noted that the "historic closure" of the Strait of Hormuz has triggered a crisis in energy and other raw material supplies, posing a new threat to the global economic outlook. Although geopolitical tensions have eased and oil prices have fallen significantly, the impact of this shock may persist. (CLS)