Risk of global financial crash has increased, warns IMF

Discussion in 'Market News' started by Lily, Oct 7, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Threat of instability and recession in emerging economies, legacy of debt and disharmony in eurozone among ‘triad of risks’ outlined in stability report

    The risk of a global financial crash has increased this year because a slowdown in China and a decline in world trade are undermining the stability of highly indebted emerging economies, according to the IMF.

    The Washington-based lender of last resort said the scale of debts racked up by such economies, much of it vulnerable to higher interest rates in the US, meant policymakers needed to act quickly to shore up the financial system.

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