Failed normalisation could hold back growth, IMF warns

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IMF financial counsellor José Viñals

A "failed normalisation" of monetary and financial conditions could shave almost 3% off global output in the coming years, the International Monetary Fund warned today (October 7).

In its latest Global Financial Stability Report, the IMF sets out three scenarios for normalisation, including a baseline, one where it goes well and one where it doesn't.

"Policy missteps and/or adverse shocks could result in prolonged global market turmoil that would ultimately stall the economic recovery and result

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