The IMF appears to have a bad feeling about the medium-term economic outlook going at least into 2023 while crypto investors appear to be bracing for further volatility.
on July 25 in reporting that there is “no guarantee that any support holds” after the GDP and interest rate numbers are announced. It added that there may be several days of volatility, echoing Deutscher’s observations.when the uncertainty about the current state of the economy and geopolitical tensions are resolved. However, there is no telling how long that will take.
While the economic outlook looks gloomy, the IMF pointed out that the sell-offs in crypto since May due to liquidations, bankruptcies, and losses at major firms like Celsius, Three Arrows Capital, and Voyager Digital Holdings have had little impact on other financial systems.This suggests that as the broader financial systems can have a massive effect on crypto, the same cannot be said the other way around.
“Crypto assets have experienced a dramatic sell-off that has led to large losses in crypto investment vehicles and caused the failure of algorithmic stablecoins and crypto hedge funds, but spillovers to the broader financial system have been limited so far.” As of the time of writing, the total crypto market cap is sitting just barely over $1 trillion according to the TCAPDisappointing earnings reports and GDP numbers this week could spoil these levels as Cointelegraph reported on July 25 that investors are already starting to
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Edge of a global recession': IMF slashes world economic forecast againIn a report released Tuesday, the International Monetary Fund once again lowered its world economic forecast as it predicted major slowdowns in the three biggest economies: the United States, China and Europe
Read more »
IMF warns global economy teetering on brink of recession as it slashes growth outlookThe International Monetary Fund warned the global economy could soon fall into a recession amid a confluence of threats including inflation and the war in Ukraine.
Read more »
IMF Slashes Global Growth Forecast: Teetering on the Edge of a Global Recession'The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,' the IMF's chief economist said. | Economy
Read more »
Poor Self-Esteem? Try Self-AcceptanceHere's why accepting yourself might be even more crucial to your happiness than having healthy self-esteem, writes TherapistAlli
Read more »
IMF warns global economy teetering on brink of recession as it slashes growth outlookThe International Monetary Fund warned the global economy could soon fall into a recession amid a confluence of threats including inflation and the war in Ukraine.
Read more »