Financial risks rising amid 'mediocre' growth: Lagarde

Tokyo

RISKS to global financial stability are rising, and they are "migrating from advanced economies toward emerging markets", International Monetary Fund (IMF) managing director Christine Lagarde warned on Thursday.

Such risks, Ms Lagarde said, are mounting in the "new mediocre" global economic growth environment, which she told the Atlantic Council in Washington "is not a comfortable place with respect to financial stability".

The danger of prolonged low growth becoming the "new reality" will be a major theme of the IMF World Economic Outlook to be published next week, while the risks this entails for global financial stab…