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09 July 2020

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers | Bitcoin News

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers | Bitcoin News


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IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers.

The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis.

The IMF expects that banks will continue to struggle to generate earnings after the global economy recovers from the economic crisis.

In its most recent “Global Financial Stability Report,” the IMF examined banks across nine advanced economies and found that they will struggle to generate profits over the next five years as the coronavirus pandemic causes a sustained period of low interest rates.

The European Banking Authority (EBA), however, said Monday that it expects banks in Europe to be able to withstand the potential credit risk losses from the economic crisis.

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