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IMF Warns Of 'Bloodbath' Coming

IMF Warns Of 'Bloodbath' Coming
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The International Monetary Fund issued a stern warning on Monday that policy choices made by China would have "increasing implications for global financial stability."

According to the Telegraph, the IMF's warnings were quite stern, as the organization warns of a looming "bloodbath" if China's economy were to suffer.

Related Link: IMF Warns World At The Brink Of "Economic Derailment"

Any shocks to the Chinese economy would have global repercussions, the IMF further warned. In addition, the agency cautioned that the impact of future shocks will only become "stronger and wider over time."

"Clear and timely communication of its policy decisions, transparency about its policy goals, and strategies consistent with achieving them will, therefore, be essential to ensure against volatile market reactions, which may have broader repercussions."

Image Credit: Public Domain

Posted-In: China Emerging Markets IMF IMF ChinaNews Global Economics Best of Benzinga


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