Europe could soon be engulfed by another sovereign debt crisis, unless it adopts “bold” policy responses, the IMF says. Photograph: iStock
Europe could soon be engulfed in another sovereign debt crisis, unless it adopts “bold” policy responses, the International Monetary Fund (IMF) has warned.
In a report on Europe’s economy, the Washington-based fund also said the euro zone – while avoiding a “deep growth shock” from recent crises – had converged on a low growth path and that the impact of US tariffs was now beginning to “bite”.
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