{"id":2017808,"date":"2026-06-28T21:00:00","date_gmt":"2026-06-28T18:00:00","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2017808"},"modified":"2026-06-28T21:00:00","modified_gmt":"2026-06-28T18:00:00","slug":"datoriile-ridicate-boom-ul-ai-si-fragilitatile-sporesc-riscurile-globale","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2017808","title":{"rendered":"Datoriile ridicate, boom-ul AI \u0219i fragilit\u0103\u021bile sporesc riscurile globale"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/www.monitoruldevrancea.ro\/wp-content\/uploads\/2026\/06\/datorii.jpg&#8221;]<\/p>\n<div class=\"td_block_wrap tdb_single_content tdi_123 td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"tdi_123\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>Presiunile globale, de la majorarea datoriei publice la fragilit\u0103\u021bile financiare \u0219i sustenabilitatea boom-ului AI, sporesc riscurile, subliniind necesitatea politicilor fiscale disciplinate, se arat\u0103 \u00eentr-un raport publicat duminic\u0103 de Banca Reglementelor Interna\u021bionale (BIS), transmite Reuters.<\/p>\n<p>BIS este cea mai veche institu\u021bie financiar\u0103 interna\u021bional\u0103 \u0219i contraparte pentru tranzac\u021biile financiare derulate de b\u0103ncile centrale. Raportul atrage aten\u021bia asupra unui mix complex de vulnerabilit\u0103\u021bi, inclusiv situa\u021bia fiscal\u0103 tensionat\u0103, perturb\u0103rile din lan\u021burile de aprovizionare \u0219i riscul infla\u021biei ridicate.<\/p>\n<p>De\u0219i \u00een ultimele luni activitatea economic\u0103 s-a men\u021binut rezilient\u0103, autorit\u0103\u021bile trebuie s\u0103 ac\u021bioneze decisiv, pentru a prezerva stabilitatea, apreciaz\u0103 BIS. \u201e<em><strong>Ac\u021biunile politice trebuie s\u0103 se consolideze reciproc, pentru a evita presiunile asupra economiei mondiale. \u00cen cele din urm\u0103, succesul depinde de funda\u021biile solide fiscale \u0219i financiare<\/strong><\/em>\u201d, a afirmat directorul general al BIS, <em><strong>Pablo Hernandez de Cos<\/strong><\/em>.<\/p>\n<p>Raportul scoate \u00een eviden\u021b\u0103 presiunile cheie. Infla\u021bia a crescut din nou, BIS avertiz\u00e2nd c\u0103 perturb\u0103rile frecvente \u00een lan\u021burile de aprovizionare sporesc a\u0219tept\u0103rile infla\u021bioniste \u00een r\u00e2ndul gospod\u0103riilor \u0219i companiilor.<\/p>\n<p>\u201e<em><strong>Disponibilitatea de a ac\u021biona, dac\u0103 b\u0103ncile centrale observ\u0103 c\u0103 exist\u0103 o ancorare a a\u0219tept\u0103rilor infla\u021bioniste, este principalul mesaj pe care vreau s\u0103-l transmit<\/strong><\/em>\u201d, le-a spus \u0219eful BIS jurnali\u0219tilor.<\/p>\n<p>Acesta a ad\u0103ugat c\u0103 recentul acord dintre SUA \u0219i Iran de \u00eencheiere a ostilit\u0103\u021bilor \u0219i redeschiderea Str\u00e2mtorii Ormuz sunt \u201e<em><strong>ve\u0219ti bune<\/strong><\/em>\u201d care \u00eenseamn\u0103 c\u0103 vor fi evitate scenariile extreme, de\u0219i probabil va fi nevoie de timp p\u00e2n\u0103 c\u00e2nd pia\u021ba petrolului \u201e<em><strong>se va normaliza<\/strong><\/em>\u201d.<\/p>\n<p>De asemenea, BIS a atras aten\u021bia asupra incertitudinilor privind durabilitatea actualei cre\u0219teri a investi\u021biile legate de inteligen\u021ba artificial\u0103 (AI). De\u0219i AI a majorat \u00eencrederea \u0219i a sprijinit cre\u0219terea prin a\u0219tept\u0103rile legate de c\u00e2\u0219tigurile de productivitate, BIS a avertizat c\u0103 sporesc temerile privind locurile de munc\u0103, iar perturb\u0103rile \u00een lan\u021burile de aprovizionare \u0219i concuren\u021ba intens\u0103 ar putea duce la tipul de investi\u021bii excesive v\u0103zut \u00een precedentele cicluri de expansiune \u0219i recesiune.<\/p>\n<p>Pentru b\u0103ncile centrale, investi\u021biile \u00een AI ridic\u0103 probabil \u00eentreb\u0103ri fundamentale privind modul \u00een care func\u021bioneaz\u0103 economia, de\u0219i \u0219eful BIS a spus c\u0103 deocamdat\u0103 nu ar fi \u00een\u021belept s\u0103 fie prea strict \u00een privin\u021ba modului \u00een care ar trebui s\u0103 reac\u021bioneze institu\u021biile.<\/p>\n<p>Evalu\u0103rile ridicate ale activelor \u0219i indiciile privind automul\u021bumirea investitorilor au l\u0103sat pie\u021bele de obliga\u021biuni mai fragile, \u00een timp ce finan\u021barea boom-ului AI este din ce \u00een ce mai dependent\u0103 de datorii.<\/p>\n<p>\u00cen acela\u0219i timp, nivelul ridicat record al datoriei publice \u0219i domina\u021bia fondurilor speculative cu grad ridicat de \u00eendatorare asupra pie\u021belor datoriei suverane a creat \u201e<em><strong>o nou\u0103 conexiune privind stabilitatea financiar<\/strong><\/em>\u201d care prezint\u0103 riscuri tot mai mari.<\/p>\n<p><em><strong>De Cos<\/strong><\/em> a declarat c\u0103 mesajul BIS este \u201e<em><strong>urgent<\/strong><\/em>\u201d \u00een privin\u021ba necesit\u0103\u021bii reducerii nivelului datoriei \u00een economiile cheie, deoarece \u201e<em><strong>\u00een prezent datoria este ridicat\u0103 \u0219i este finan\u021bat\u0103 prin intermediari financiari non-bancari<\/strong><\/em>\u201d.<\/p>\n<p>BIS cere oficialilor s\u0103 prioritizeze stabilitatea pre\u021burilor, s\u0103 asigure sustenabilitatea fiscal\u0103, s\u0103 coordoneze \u0219i s\u0103 consolideze supervizarea dincolo de sectorul bancar \u0219i s\u0103 adopte reforme structurale.<\/p>\n<\/div>\n<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.monitoruldevrancea.ro\/2026\/06\/29\/datoriile-ridicate-boom-ul-ai-si-fragilitatile-sporesc-riscurile-globale\/&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/www.monitoruldevrancea.ro\/wp-content\/uploads\/2026\/06\/datorii.jpg&#8221;] Presiunile globale, de la majorarea datoriei publice la fragilit\u0103\u021bile financiare \u0219i sustenabilitatea boom-ului AI, sporesc riscurile, subliniind necesitatea politicilor fiscale disciplinate, se arat\u0103 \u00eentr-un raport publicat duminic\u0103 de Banca Reglementelor Interna\u021bionale (BIS), transmite Reuters. BIS este cea mai veche institu\u021bie financiar\u0103 interna\u021bional\u0103 \u0219i contraparte pentru tranzac\u021biile financiare derulate de b\u0103ncile centrale. Raportul [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[226,209],"class_list":["post-2017808","post","type-post","status-publish","format-standard","hentry","category-romania","tag-crawlmanager","tag-monitoruldevrancea-ro"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2017808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2017808"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2017808\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2017808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2017808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2017808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}