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Explain how information in the picture can be related to equity markets. 6- April 5- Tightening 2021 GFSR United States 4- 3- Euro area 2-

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Explain how information in the picture can be related to equity markets.

6- April 5- Tightening 2021 GFSR United States 4- 3- Euro area 2- China Other advanced economies 1- 0 -1 Other emerging market economies -2- -3 - Loosening 1 1 1 1 1 i -4- 2006 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 Sources: Bloomberg Finance L.P.; Haver Analytics; national databases; and IMF staff calculations. Note: GFSR = Global Financial Stability Report. 6- April 5- Tightening 2021 GFSR United States 4- 3- Euro area 2- China Other advanced economies 1- 0 -1 Other emerging market economies -2- -3 - Loosening 1 1 1 1 1 i -4- 2006 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 Sources: Bloomberg Finance L.P.; Haver Analytics; national databases; and IMF staff calculations. Note: GFSR = Global Financial Stability Report

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