IMF comments on the global economy:

  • Several emerging markets at risk of downgrade
  • Fed to enable 'sooth absorption' of rising rates
  • Sees 'heightened' chance of global asset-market disruption
  • Preconditions for Fed rate liftoff 'nearly in place'
  • Risks shifting to emerging markets as liftoff nears

The IMF has a reputation for being a downer on the global economy but these headlines are upbeat.