Insights

Macro Insights Weekly - Notes from IMF meetings: Shocks and resilience

22 April 2024
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  • There was a sense of cautious optimism in the IMF Spring meetings. Global economies' resilience to high interest rates and geopolitical risks has provided some relief.
  • Despite the sharp rise in interest rates, the world has avoided a recession.
  • The banking system has proved largely resilient, while capital flows have not dried up.
  • Cost of living is nonetheless a major risk for social stability.
  • Commercial real estate sector losses could trip up the financial system.
  • High correlation among asset markets is a concern, along with large investments in private markets.

 

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