The global economic recovery is losing steam in the face of a slowing U.S. rebound and tensions over currencies, and a debt crisis in Europe could trigger more weakness next year, the OECD said on Thursday. Get the full story »
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IMF warns of continued risks to world economy
Risks to financial stability remain elevated due to a combination of slow global growth, high sovereign debt burdens and continuing weakness in the banking sector, the International Monetary Fund warned in a report released Tuesday.
In a report published during its annual meetings in Washington, the IMF highlighted persistent risks to the banking system from high debt levels in mature economies and resulting tensions on sovereign bond markets, particularly in Europe. Get the full story »
