Malcolm Knight

BASEL, Switzerland, April 29 (Reuters) - Stagflation is an increasingly plausible prospect in the United States and weak economic growth could last well into 2009, if not longer, the head of the Bank for International Settlements says.

DAVOS, Switzerland (Reuters) - There is no end in sight to fallout from the credit squeeze that may trigger a big slowdown in U.S. growth and chill other economies too, a top central banker said on Friday. This week, stocks suffered their biggest one-day fall since the 9/11 attacks on the United States as investors feared the credit squeeze triggered last August by defaults in the U.S. mortgage market would tip the United States into recession.