The recent turbulence in the financial sector highlights the “uncertainty” of the current macroeconomic situation, marked by slowing global growth and persistent inflation, and calls for the need “to stay vigilant”, said G7 finance ministers and central bankers meeting on Wednesday 12 April on the sidelines of the IMF and World Bank spring meetings.
They say that the financial system, supported by regulators’ quick responses to stress and strengthened after the 2008 financial...