Economists fear a recession in 2020

Surging debts, rocky financial markets and signs of a slowdown in growth threaten the world economy at a time when central banks have little ammunition to fight back, the Bank for International Settlements has warned. The global forum for central bankers says turbulence is on the way as markets are “overstretched, financial conditions are too easy and debt, globally, is too high”. The OECD and credit ratings agency Fitch cut their global economic growth forecasts as economists fear a recession in 2020. Business, page 1