BIS warns of risks to global economic growth

ZURICH: The Bank of International Settlements (BIS) on Sunday urged governments to allow growth trends toward long-term averages to target structural reform while warning against inflation and protectionist winds.

In its annual report, the BIS said the growth outlook appeared more favourable than the anaemic climate of a year ago, Claudio Borio, head of its monetary and economic department, told reporters in a conference call.