‘Batten down the hatches’: Gloom and doom at the IMF
International Monetary Fund warns of risks to global financial stability in a new world in which inflation and interest will be higher
12 October 2022 - 05:00
Emerging market policymakers must “batten down the hatches” in the face of a strong dollar, tighter financial conditions and capital outflows that have driven up borrowing costs at a time when budgets were already under pressure, International Monetary Fund (IMF) financial counsellor Tobias Adrian said on Tuesday.
“These are fragile times,” he said. ..
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