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BIS flags over-reliance on consumerism and foreign-currency debt

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The exterior of the Bank for International Settlements can be seen in Basel, Switzerland. The Bank For International Settlements (BIS) has issued a stark warning that the global economy has become too dependent on consumerism and excessive foreign-currency debt.

London

THE Bank For International Settlements (BIS) has issued a stark warning that the global economy has become too dependent on consumerism and excessive foreign-currency debt.

The risks to both developed and emerging economies are thus a combination of a rise in the US dollar

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