Bank for International Settlements {BIS} warns of global economic crisis

Economy - BAGHDAD / 1:12 - 02/08/2016

Warned the Bank for International Settlements {BIS}, who is described as {the central bank of central banks} in the world, the crisis lending stopped emerging economies, which played a key role in global economic growth in the past Alojerh.oukal bank manager Jim Caruana in a speech at the London School of Studies economic the "stopped lending to emerging economies entered the global economy in the {vicious circle} of negative developments, such as financial market turmoil and the collapse of the value of assets and a slowdown in economic growth." in the latest data bank lending to emerging economies, the index began to decline negatively since last September, and the decline of credit denominated in dollars whether in the form of bonds or bank loans to countries emerging economies to $ 3.33 trillion from 3.36 Trelln.okan Institute of international finance said last month that emerging economies countries witnessed a year out of capital dramatically {and Besav negative} for the first time since 1988, the escape of up to 735 billion dollars, including through 2015.orbt Caruana between the recent turmoil in the stock markets and slowing economic growth and significant changes in exchange rates and the collapse of commodity prices, pointing out that it is not a shock relating to each sector separately and described it as a sign of "" especially in emerging economies financial cycle is complete. Bank for international settlements estimates that about a quarter of investments now, including credit for emerging economies, going to speculate on the currency as dire Okhry.ouhsp majority of analysts' estimates, the credit crunch is also compounded by the collapse of the assets that have been financed by loans in a period of boom and recovery Almala.oadharb value A large number of international officials and analysts example of the oil and gas sector, which he described as Caruana defies economic logic with the continuation of companies to increase production despite a collapse in prices.
An estimated Institute of International Finance that this trend but feeds the bubble religion enormous in the energy sector can fuse the next global crisis that will be the answers to deeper and longer be making Sbak.ovi during a decade of high oil prices, big energy companies issued bonds worth 1.4 trillion dollars in addition to the 1.6 trillion Almsrvih.ovi dollars of debt under the current conditions of energy markets is difficult to imagine how the industry will be able to service such a debt of up to $ 3 trillion.