instability

“And while the long-term impact may be limited, a sudden tightening could trigger near-term market instability,” she added.

Meanwhile, almost four in 10 people will face financial instability as they age, according to the World Economic Forum.

These workers are turning to gig jobs—such as driving for Lyft or taking care of pets on Rover—to stay afloat until their paychecks resume, a reflection of increasing job instability for government employees.

“It is very hard to get financial instability out of an equity market correction alone,” Posen told reporters at a briefing on the sidelines of the IMF-World Bank annual meeting.

International pressure has mounted for an end to hostilities amid worsening humanitarian conditions and regional instability.