As traditional banks are not granting enough credit, shadow lender’s business has boomed. And that uncontrolled environment puts recovery at risk, explains the Global financial stability report.
The IMF expects the global economy to grow 3.3 percent in 2014 and 3.8 percent in 2015, down 0.1 percentage point and 0.2 percentage point from its July’s forecasts respectively.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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