IMF: The Global Economy Risks to Face Another Financial Crisis

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Currently, the debt indicators are higher than they were in 2008 and the lack of the banking system reform may lead to a crisis.

Since the level of debt at the global level is significantly higher than it was in 2008, unregulated parts of the financial system can cause widespread panic.

Over the past 10 years, a lot of efforts have been made towards banks’ reserves strengthening, as well as creating conditions for stricter supervision of the financial sector. However, ”the risks at such times as this — during low interest rates and moderate volatility — are just increasing. Such risks may affect other areas at any time”, — the IMF said, adding that ”the supervisors should be vigilant against such events”.