US company debt and euro public debt are global financial risks – IMF
China’s non-bank financial firms are also a major vulnerability, fund says
The International Monetary Fund says risk in US corporate debt markets, high public debt in euro area economies and vulnerabilities in Chinese non-bank financial actors are main weaknesses of the global financial system.
In an article published on June 20, the IMF analyses the possible sources of the next financial crisis. It identifies three main vulnerabilities that “can amplify and spread an unexpected economic shock, increasing the level of risk to the financial system”.
Firstly, a major
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