The world must act to contain the risk of another devastating housing crash, the International Monetary Fund warned yesterday as it published new data showing house prices are well above their historical average in many countries.
The warning from the IMF shows how an acceleration in global house prices from already high levels has emerged as one of the biggest threats to economic stability, with countries making limited progress in keeping them under control.
Min Zhu, the IMF’s deputy managing director, said the tools for containing housing booms were “still being developed” but that “this should not be an excuse for inaction”.
您已閱讀20%（634字），剩餘80%（2615字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。