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Global economic fundamentals strong despite market volatility - IMF

Reuters  |  WASHINGTON 

(Reuters) - Recent market volatility does not change the International Monetary Fund's view that global economic fundamentals remain strong, and a market correction was probably inevitable given elevated asset prices, IMF said on Thursday.

"Despite the volatility in recent days, we believe financial conditions remain supportive of economic growth. Financial markets continue to function in an orderly way," Rice told a regular weekly IMF briefing. "The global economic recovery we expect to continue."

(Reporting by David Lawder)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 21:30 IST