FT News Briefing A financial power grab in Turkey?
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Oct 16, 2025 Investors are retreating from risky corporate bonds, fearing the end of a credit rally. The IMF has raised alarms about the soaring U.S. debt and urged the UK to maintain transparency in economic forecasts. In China, persistent deflation raises concerns for economic growth. Meanwhile, Turkey is undergoing a significant anti-corruption crackdown that affects hundreds of companies. This move could reinforce political power but also throws the business landscape into uncertainty.
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Investors Shifting Out Of Riskier Corporate Debt
- Large investors are reducing exposure to risky corporate debt after a multi-year rally.
- Managers like BlackRock and Fidelity are rotating into safer corporate or government bonds to limit downside risk.
IMF Flags Growing US Debt Risks
- The IMF warns US gross debt could reach 143% of GDP by decade's end, raising global risk.
- Rising US debt heightens the chance of a major government bond market correction with worldwide effects.
Keep Two Official UK Economic Forecasts
- The IMF recommends the UK keep two official forecasts yearly to preserve transparency.
- It warns that reducing forecasts to one would weaken accountability and depart from international best practice.