IMF Warns of Economic Risks Despite Central Banks' Efforts to Curb Inflation

• IMF cautions against overoptimism that central banks can achieve a "soft landing" in battle against inflation

• Stretched asset valuations, geopolitical tensions, and rising debt levels pose economic risks

• About 19% of global banking assets are in weak financial shape, concentrated in US and China

• Cyberattacks on financial firms are rising significantly, with potential for large losses

• Rapid growth of private lending outside traditional banking sector merits more oversight