## GLOBAL FINANCIAL STABILITY REPORT — Key Highlights 2024 APR (infographic)

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**Canonical URL:** [GLOBAL FINANCIAL STABILITY REPORT — Key Highlights 2024 APR (infographic)](https://www.imf.org/-/media/files/publications/gfsr/2024/april/english/infographic.pdf)

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### Overall assessment
- Financial conditions have eased as investors and central banks expect global disinflation to be entering its last mile.
- Near-term financial stability risks have receded since the last GFSR, although salient risks remain.
- Medium-term vulnerabilities are building-up.

### Policy recommendations
- Consider a more proactive supervisory and regulatory approach.
- Close data gaps and enhance reporting requirements to comprehensively assess risks.
- Strengthen cross-sectoral and cross-border regulatory cooperation.
- Develop national cybersecurity strategies and effective regulation and supervisory frameworks.
- Strengthen response and recovery procedures to boost resilience against cyber incidents.
- Enhance data reporting and information sharing.
- Central banks should avoid easing monetary policy prematurely and push back against overly optimistic market expectations for rate cuts. In jurisdictions displaying ample evidence that inflation is moving sustainably toward target, policy should gradually move to a more neutral stance.
- Regulatory authorities should use supervisory tools to ensure that banks and nonbank financial institutions are resilient to the credit cycle downturn.
- Emerging and frontier economies should strengthen efforts to contain debt vulnerabilities.

### Cyber risk
- Cyber incidents pose an increasing threat to macrofinancial stability.

### Financial conditions and rates (selected figures shown in infographic)
- 75 basis points
- 12 0 basis points
- 12.5 %
- 20.3 %

### Market and sector developments (selected data points)
- Advanced Economies: Average policy rate declines (label present in infographic).
- Emerging Market Economies: Commercial real estate prices have declined globally in real terms.
- Corporate bankruptcies have increased in the United States.
  - 21 %
- The global stock market increased (chart axis with values): 0.0 0.4 0.8 1.2 1.6 2.0 2.4 (years labeled across 2000 02 04 06 08 10 12 14 16 18 20 22).

### Private credit and dry powder
- The growth of private credit markets (Trillions of US dollars) — stacked regional composition labeled: North America, Europe, Rest of the World.
- Dry powder (undeployed capital) — bar/area shown by region.
- Estimated Maximum Annual Firm Loss (Billions of US dollars): chart indicating Median and 90th percentile with axis ticks 0 0.5 1 1.5 2 2.5 and years noted 2017 2021.

*Source: infographic (GLOBAL FINANCIAL STABILITY REPORT — Key Highlights 2024 APR).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2024/april/english/infographic.pdf_