Markets taking a 'benign view' of global downside risks: IMF
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AS GLOBAL economic activity accelerates, markets may be taking too "benign" a view of threats to the financial system that could accompany increased risk taking, especially as official regulation is rolled back in the US and elsewhere, the International Monetary Fund (IMF) warned on Wednesday.
Meanwhile, the risks of over-leveraging are growing in emerging markets, where corporate debt is already very high - among corporate borrowers especially - the IMF observed in its latest Global Financial Stability Report (GFSR).
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