Christine Lagarde, head of the IMF, remarked that the global economy faces "three key risks": the US "fiscal cliff", the eurozone crisis, and "medium-term public financing". Presumably she meant that there was a risk of public financing becoming expensive, not that public financing itself is a risk. (It might be fun to construct the anti-Lagarde perspective for all three "risks" at once, e.g. to argue that the real risks are that the US will not balance its budget, that the eurozone will be artificially kept alive, and that governments of the world continue to borrow cheaply.)
I thought "Chinese slowdown" would be on the list, but maybe that's just an Australian perspective. Besides, it's just going to be a "soft landing" (definition), right?
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