Global Debt and AI Hype Create ‘Complex’ Risks, Central Bank Group Warns

The world faces a dangerous mix of economic vulnerabilities, according to a new report from the Bank for International Settlements (BIS), the umbrella group for central banks. In its Annual Economic Report, the BIS warned that high government debt, the rapid boom in artificial intelligence, and deeper financial fragilities are creating a “complex” set of risks for the global economy. The report urges policymakers to act carefully as these pressures build.