Forex

IMF warns that financial stability risks ‘significantly skewed’ to the downside


  • IMF warns that property downturn in China has deepend with a heightened risk of spillovers to banking, corproate and local government sectors
  • Global stress tests shows up to 29% of emerging market banks would be underacapitalized in a severe economic downturn
  • Warns of heightened risk of rapid, disorderly repricing in financial markets, amplified by existing vulnerabilities and poor liquidity

This isn’t the kind of thing anyone wants to hear on a day like today. It always looks darkest before dawn but it’s tough to find a reason to buy any kind of risk asset.



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Adam Button
Adam Button

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