USA-IMF Stability Report

IMF warns financial vulnerability could derail global recovery

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Shotlist


Washington D.C., USA - Oct 11, 2017
++SOURCE: IMF/No archive++
1. IMF releasing Global Financial Stability Report
2. SOUNDBITE (English) Tobias Adrian, Financial Counselor, IMF (partially overlaid with shot 3):
"Global financial stability has continued to improve as the economic recovery broadens and global markets are buoyant. But while water seems calm, vulnerabilities are building under the surface. Major central banks should ensure a smooth normalization of monetary policy."
++SHOT OVERLAYING SOUNDBITE/SOURCE: China Central Television (CCTV)++
3. Press
++SHOT OVERLAYING SOUNDBITE++

++SOURCE: IMF/No archive++
4. IMF panel
5. Reporter asking question
6. IMF panel

++SOURCE: China Central Television (CCTV)++
7. Various of press
8. IMF panel
9. IMF building
10. IMF sign

Storyline


The International Monetary Fund (IMF) on Wednesday warned that rising financial vulnerabilities could derail the long-waited global economic recovery despite financial stability continuing to improve.

The IMF released its Global Financial Stability Report on Wednesday, saying the global financial system continues to strengthen in response to extraordinary policy support, regulatory enhancements, and the cyclical upturn in growth.

"But beyond these recent improvements, the environment of continuing monetary accommodation-necessary to support activity and boost inflation-is also leading to rising asset valuations and higher leverage," the Washington-based lender warned.

The continued easy monetary and financial conditions are fueling investors' risk appetite, and broadening their search for yield, said the IMF. As the search for yield intensifies, market risks are shifting from banking to non-banking sectors, it added.

According to the report, major economies are seeing debt buildup, with G20 economies seeing the debt levels held by non-financial institutions, such as governments, households and companies, now exceeding 135 trillion U.S. dollars, equivalent to about 235 percent of their combined GDP.

IMF warned that risks, such as a surge in inflation and a sudden jump in interest rates, could trigger market turbulence, which could lead investors exposing to bigger losses.

The key challenge confronting policymakers is to ensure that the buildup of financial vulnerabilities is contained while monetary policy remains supportive of the global recovery, said the IMF.

It suggested that major central banks thoroughly explain their plans to unwind monetary accommodation in order to avoid creating market turbulence.

"Global financial stability has continued to improve as the economic recovery broadens and global markets are buoyant. But while water seems calm, vulnerabilities are building under the surface. Major central banks should ensure a smooth normalization of monetary policy," said IMF Financial Counselor Tobias Adrian.

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  • ID : 8063109
  • Published : 2017-10-12 06:32
  • Last Modified : 2017-10-13 10:50:28
  • Location : Washington D.C.,United States
  • Category : economy, business and finance
  • Duration : 0'58
  • Audio Language : English/Nats
  • Source : China Central Television (CCTV)/IMF TV
  • Restrictions : No access Chinese mainland/No archive
  • Version : 3
  • ID : 8063109
  • Published : 2017-10-12 19:14
  • Last Modified : 2017-10-13 10:50:27
  • Location : Washington D.C.,États-Unis
  • Category : economy, business and finance
  • Duration : 0'58
  • Audio Language : Anglais/Nats
  • Source : Télévision centrale de Chine (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 3
  • ID : 8063109
  • Published : 2017-10-12 15:47
  • Last Modified : 2017-10-13 10:50:27
  • Location : واشنطن,الولايات المتحدة
  • Category : economy, business and finance
  • Duration : 0'58
  • Audio Language : الإنجليزية/الصوت الطبيعي
  • Source : تلفزيون الصين المركزي
  • Restrictions : ممنوع البث في بر الصين الرئيسي
  • Version : 3
  • ID : 8063109
  • Published : 2017-10-12 17:03
  • Last Modified : 2017-10-13 10:50:27
  • Location : Вашингтон,США
  • Category : economy, business and finance
  • Duration : 0'58
  • Audio Language : Английский/Естественный звук
  • Source : Центральное телевидение Китая
  • Restrictions : Не доступно материковой части Китая
  • Version : 3
  • ID : 8063109
  • Published : 2017-10-12 15:42
  • Last Modified : 2017-10-13 10:50:27
  • Location : Washington D.C.,Estados Unidos
  • Category : economy, business and finance
  • Duration : 0'58
  • Audio Language : Inglés/Nats
  • Source : Televisión Central de China/IMF TV
  • Restrictions : No acceso a la parte continental de China
  • Version : 3
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