IMF warns storm clouds are gathering for next financial crisis

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David Lipton says world is unprepared for downturn and Fund needs more resources

The storm clouds of the next global financial crisis are gathering despite the world financial system being unprepared for the next downturn, the deputy head of the International Monetary Fund has warned.

David Lipton, the first deputy managing director of the IMF, warned that “crisis prevention is incomplete” more than a decade on from the last meltdown in the global banking system.

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Source: china
Link : IMF warns storm clouds are gathering for next financial crisis

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