'It is quite remarkable to see how both advanced economies and emerging markets are sort of lifting rates or unwinding,' IMF Deputy Chief AGarciaPascual says. 'The risk of a global stagflation scenario is very material,' he adds. Watch more:
Crypto market collapses aren’t a worry for global financial stability, the International Monetary Fund said Tuesday in a report that nonetheless raised grave concerns about the global economy.
Antonio Garcia Pascual, IMF Global Market Analysis Division deputy chief, joins “First Mover” with more details on the report and an outlook on the turbulent crypto market amid the “gloomy” economy. Plus, insights on the risks behind adoption of bitcoin as legal tender.
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