IMF Chief Warns of Increased Risks to Global Financial Stability
TL;DR
The head of the International Monetary Fund (IMF) has warned of increased risks to global financial stability, but also pointed to "green shoots" emerging in China's economy. The IMF expects China's economy to expand by 5.2% this year, which would mark a significant improvement on the 3% logged last year and contribute roughly one third of global growth. However, the IMF chief urged Chinese policymakers to shift towards more consumption-driven growth and implement policy reforms to level the playing field between the private sector and state-owned enterprises.
- IMF chief warns of 'risks' to global financial stability, but China showing signs of recovery CNN
- IMF MD Georgieva warned of risks to financial stability, but actions so far calmed markets ForexLive
- IMF says risks to financial stability have increased, calls for vigilance Fox Business
- IMF chief warns global financial stability at risk from banking turmoil The Guardian
- IMF’s Georgieva: Risks to financial stability have increased FXStreet
Want the full story? Read the original reporting
Read on CNN