The IMF said that global growth would have been 0.5 percentage point lower without last year’s actions, the largest combined number of policy rate cuts in advanced and emerging-market economies since the 2008 global financial crisis.
Default rates had already increased in the U.S. high-yield market, and in Chinese on- and offshore corporate bond markets, albeit from low levels, they said, adding that emerging-market debt was also trading at distress levels in some specific cases. While the synchronized easing of monetary policy last year helped contain downside risks, policy-makers should now look to deploy other policy tools, such as the counter-cyclical capital buffer, to “keep rising vulnerabilities from putting growth at risk in the medium term,” they wrote.
globebusiness as the FED dies against BRICS trading group - and the IMF loses all credibility and influence other than that of a back alley loan shark ignores financial and economic reality... ...there is no economy on a dead planet. climatecrisis change sustainability cftg
globebusiness IMF is a privately held company with a clear conflict of interest when it comes to the world economy evaluations.
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