China News Service, Washington, January 27 (Reporter Sha Hanting) The International Monetary Fund (IMF) said in the update of the Global Financial Stability Report released on the 27th local time that with the launch of the new crown vaccine, the market will Recovery expectations have been improved, but under the current circumstances, financial market recovery and economic recovery still rely on policy support.
The report said that although the number of confirmed cases of new crowns worldwide continues to rise and the outlook for the world economy is still facing uncertainty, the launch of the new crown vaccine has improved market expectations for economic recovery and pushed up the prices of risky assets.
However, before the vaccine is widely available, financial market recovery and economic recovery will still rely on monetary and fiscal policy support.
The report pointed out that the disconnect between the financial market and the real economy is still continuing. Once investors reassess global economic growth prospects or policy prospects, global asset prices may face a correction risk.
This kind of risk superimposed on the fragility of the financial market may cause a chain reaction of market confidence and endanger global macro financial stability.
The IMF recommends that under the current circumstances, countries should continue to provide policy support until the economic recovery stabilizes and is sustainable, and insufficient policy support may delay the global economic recovery.
In addition, the international community should be committed to multilateral cooperation to promote global vaccine research and development and fair distribution, ensure a balanced and comprehensive economic recovery, and strengthen the soundness of the financial system.
The Global Financial Stability Report is usually released during the IMF's annual spring meeting and autumn annual meeting, and is updated in the middle of the year and the beginning of the following year.
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