Global Financial Stability Report is published by International Monetary Fund. The financial stability report assesses the risks faced by the global financial system. The latest report released warns that global output could decline 3.9 per cent by 2021 if action is not taken to address the risks faced by the financial system. The main message of this report is that additional measures are needed to deliver a more balanced and potent policy mix for improving the growth and inflation outlook and securing financial stability.