IMF’s Georgieva says global economy weathering energy shock, sees fiscal concerns
Kristalina Georgieva said AI investment is cushioning growth as rising bond yields and stalled disinflation add pressure in some countries.
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9 Articles
The IMF director said the global economy is resisting "strong winds against" resulting from the war in Iran.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said on Tuesday that the global economy supported better than expected the energy shock from the war in Iran. Read also: Brazil should accelerate conversion to green energy and not invest in fossils, says Polman Russia should extend the ban on diesel exports until September US consumer confidence index is below what was expected in August, shows Conference Boar…
IMF’s Georgieva says global economy weathering energy shock, sees fiscal concerns
WASHINGTON, Aug 25 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the global economy has weathered the Iran war energy shock better than feared, but she raised concerns about deteriorating fiscal c...
The world economy has done better than anticipates the energy shock caused by the war with Iran and the closure of the Ormuz Straits, but the rise in debt, persistent inflation and the deterioration of the fiscal situation in some states remain major risks, said the Director General of the IMF.
The global economy has resisted the impact of the energy crisis better than expected, but the IMF warns that fiscal pressures and high debt levels represent increasing risks. A new surge in oil prices could rekindle inflation and force central banks to maintain higher interest rates for longer. Artificial intelligence investment drives economic activity, particularly in the United States, although its positive effects are uneven across countries.
The world economy has endured better than anticipated the energy shock caused by the war with Iran, but debt and inflation remain significant risks, warns the IMF.
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