The International Monetary Fund has warned of growing ‘dangerous undercurrents’ that threaten the world economy. In its biannual Financial Stability Report, the IMF provided an in-depth look into markets and the banking sector a decade on from the Global Financial Crisis. Although the US-based organisation concluded banks are now safer than in 2008, governments should…
Finance
Warning issued over record debt levels
The International Monetary Fund (IMF) has forecast strong and broad-based growth for 2018 in its’ biannual World Economic Outlook report. However, beyond the near-term optimism, the IMF has expressed the need to use growth to reduce government debt. Since the financial crisis global debt has surged to 225 percent of world GDP in 2016. Government…
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