IMF says time is ‘running out’ to stabilise world economy

The International Monetary Fund (IMF) has warned that time is "running out" to deal with vulnerabilities that "threaten the global financial system and the ongoing economic recovery".

In its Global Financial Stability Report, released on Wednesday, the IMF said financial stability risks have "increased substantially over the past few months".

One particular area of concern was the euro area sovereign credit strain from high-spread countries, which the IMF estimated to have had a "direct impact

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