IMF's Caruana on identifying risks & opportunities

In the speech 'Identifying risks and opportunities: A global view' given on 7 May Jaime Caruana of the IMF said debt financing is cheap by historical standards for even the riskiest of corporates.

"The world economy is enjoying its longest period of sustained growth since the 1960s and is forecast to continue to do so. Globalization has contributed to the highest ratio of profits to GDP seen in a generation. Emerging market fundamentals and policymaking continue to improve, encouraging the

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