Covid-19, crypto and climate weigh on global economy – GFSR

“Intertemporal trade-offs” a challenge as some nations will not regain pre-Covid growth for “many years”, says IMF’s Adrian

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

Economic recovery amid the Covid-19 pandemic remains highly precarious, as the emergence of the delta strain damaged growth in many jurisdictions around the world, according to the International Monetary Fund’s latest Global Financial Stability Report.

The setbacks related to Covid-19 represent a core theme in the IMF’s 78-page report, raising significant policy implications for central banks and financial supervisors. The other two areas of focus were related to the rise of crypto assets

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