RealNews

IMF: Terror attacks could rock stability

Global lender warns more attacks could cast global financial markets out of their current recovery. More attacks like the Madrid train bombs could destabilize global financial markets and pose a significant threat to their otherwise steady recovery, the International Monetary Fund warned on Tuesday. Though the economic outlook is largely benign, markets are also vulnerable to higher interest rates and shocks from global imbalances like the gaping U.S. current account deficit, which could hit the dollar. Economic activity has picked up and corporate balance sheets have strengthened since September, the IMF said in a cautiously optimistic Global Financial Stability Report. But attacks like those which killed about 190 people in Madrid on March 11 could throw a wrench in the works. Full Story

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