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  • Recent gains in global financial markets despite the coronavirus downturn's "huge" economic uncertainties are a potential threat to the recovery if investors abruptly change their minds, the IMF cautioned Thursday. Markets have been cheered by the massive support provided by governments and central banks, and seem to expect a quick rebound even though forecasts and consumer confidence are more pessimistic, the IMF said in its latest Global Financial Stability Report. The report also warns of the dangers lurking in the future from the flood of "unconventional" policies that have left the global economy awash in easy money. hs/cs
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  • Market 'disconnect' could worsen virus downturn: IMF
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