IMF – Global Financial Stability Report: Shifting Ground beneath the Calm, Oct 2025

The main theme of the report is the challenges to stability amid changes in financial markets.

The report examines the financial implications of economic issues highlighted in the IMF's World Economic Outlook. Key findings include an analysis of financial market developments, asset valuation, financial market conditions, and related risks, as well as policy recommendations to maintain stability. Special attention is given to emerging and frontier markets, sovereign bond markets, and corporate credit risks.