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IMF warns of fresh financial crisis

Discussion in 'Market News' started by Lily, Apr 13, 2016.

  1. Lily

    Lily Forum Member

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    Urgent action to sort out eurozone banks called for in financial stability report warning market turmoil may recur

    The International Monetary Fund has highlighted risks of a new financial crisis, warning that global output could be cut by 4% over the next five years by a repeat of the market mayhem witnessed during the 2008-9 recession.

    The IMF used its half-yearly global financial stability report to call for urgent action on the problems of banks in the eurozone, a third of which it said faced “significant challenges” to be sustainably profitable.

    Related: IMF homes on the eurozone's weakest link: Italy

    Related: IMF says Britain leaving the EU is a significant risk

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