IMF warns bad political choices could trigger instability
Fund points to risks in China, Europe and the US
The global financial system looks sturdier than it did six months ago, but poor political choices could still destabilise the system, the International Monetary Fund (IMF) warned on April 19.
The fund’s latest global financial stability report highlighted “elevated risks” in many areas, including high levels of Chinese debt, non-performing loans in Europe, and “stretched” valuation in parts of the US corporate sector.
“Credit in relation to China’s economy has more than doubled in less than a
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