Kristalina Georgieva warned that prolonged Middle East war could push oil to $125 and worsen global inflation, activating adverse IMF scenarios. Growth may slow sharply, while energy volatility from the Strait of Hormuz keeps markets unstable
The International Monetary Fund has warned that the Iran war is set to darken the global economic outlook, with Managing Director Kristalina Georgieva confirming a downgrade in growth forecasts next week. Despite resilience shown in past trade shocks, the conflict has disrupted energy supplies, raised oil and gas prices, and shaken business confidence.
IMF Managing Director Kristalina Georgieva said artificial intelligence could raise global growth by 0.8 per cent, making India’s ambition of becoming a Viksit Bharat by 2047 achievable. She also cautioned that AI also poses significant risks to employment.
IMF chief Kristalina Georgieva nominated US Treasury official Daniel Katz as first deputy managing director, pending board approval. He would succeed Gita Gopinath, who returned to Harvard after leaving the IMF.
To build a prosperous future, Georgieva said the world needs to harness the potential of digital technology and India's achievement in developing top-tier digital public infrastructure (DPI) stands as a beacon for others.
Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has urged for global cooperation to control the raging Covid-19 pandemic and support the economic recovery as the new Omicron variant has spread to over 40 countries around the world. “The global economy has continued to recover, but the recovery faces many risks, including […]
Participating in a global media round table, the chief of IMF predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it
