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<li>New research on syndicated lending by non-banks and the growing role of global banks foreign branches highlights channels that may transmit stress across borders</li>
<li>Special feature suggests that, on pre-pandemic labour productivity trends, global economic growth could be slower in the years ahead than in the 2010s</li>
<li>The Quarterly also reviews financial market developments in the three-month period<a href="https://www.bis.org/press/p220228.htm# ftn1" name=" ftnref1"><span>1</span></a><span> </span>before the recent eruption of geopolitical conflict</li>
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