IMF Says Brazil, China, Turkey Face Worrisome Credit Booms
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The International Monetary Fund today said that Brazil, China and Turkey are “notable examples” of emerging-market nations where conditions suggest a banking crisis could arise.
“Signs of nascent credit booms in some emerging G-20 economies -- if not addressed by appropriate policy responses -- may portend risks of eventual financial crises and hard landings for economic growth,” the IMF said in a report today, published after its spring meetings.