💨 Abstract

The Bank for International Settlements (BIS) has issued a warning about the risks posed by U.S. President Donald Trump's trade war and deregulation plans. BIS head Agustin Carstens highlighted trade developments, fiscal policy, regulation, immigration policy, and geopolitical factors as areas of concern. He stated that pervasive policy uncertainty could affect central banks, potentially causing economic growth to suffer and financial markets to become more volatile.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖