IMF's Rato on the global economy

In a speech given on 9 April Rodrigo de Rato of the IMF said the risks to the global economy are slightly lower than they were six months ago.

"We are living in interesting and sometimes paradoxical times," de Rato said. "The world's economy grew by 5% last year, but financial markets fell by 4% during a single day."

He described global financial markets as a "dry forest," with small sparks capable of starting fires.

"There are risks to financial stability which stem from economic developments

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