IMF see 'sweet spot' in financial stability report

The global economy has hit a "sweet spot" according to the International Monetary Fund's April 2004 Global Financial Stability Report, published Tuesday.

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Gerd Hausler, director of international capital markets at the fund whose department publishes the report, gave two reasons for this optimism. First, he said earnings and balance sheets have recovered without triggering inflation concerns. Interest rates can thus stay low and help the recovery. Second, emerging bond

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