Financial Conditions Have Eased, but Insolvencies Loom Large
The IMF Blog post raises concerns about a possible wave of defaults from around the globe. The authors suggest that
“In the newest Global Financial Stability Update, we analyze the tug of war between the real economy and financial markets and the risks involved. With huge uncertainties about economic outlook and investors highly sensitive to COVID-19 developments, pre-existing financial vulnerabilities are being exposed by the pandemic. Debt levels are rising, and potential credit losses resulting from insolvencies could test bank resilience in some countries. Some emerging market and frontier economies are facing refinancing risks, and lower-rated countries have started to regain access to markets only slowly.”
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For more information on the IMF bog, please check the link below
