Stabilisation is uneven and recovery will likely be sluggish.

The IMF’s World Economic Outlook Update is subtitled Contractionary Forces Receding But Weak Recovery Ahead. Their Global Financial Stability Report Market Update is subtitled Policies Have Reduced Systemic Risks But Vulnerabilities Remain. While capital injections have helped staunch the bloodletting, financial systems remain impaired and will remain a drag on economic recovery. More than that, …
Continue reading Stabilisation is uneven and recovery will likely be sluggish.