Bailey warns the world about risk of market crash

Kristalina Georgieva, the head of the IMF, has warned that world economic growth is slow and the risk of a financial downturn is high.Mark Hackett, at US insurer Nationwide, said: “Investors remain eager for exposure, and if this recovery holds, it will reinforce the idea that retail investors can’t be easily shaken and another reminder that buying the dip continues to work.”Wall Street heads towards its close strongly up, with the S&P 500 up 1,4pc, the Nasdaq up 2.1pc and the Dow Jones up 1.2pc.Stock marke ...