"Global economy, better than expected" - IMF Head: Inequalities and artificial intelligence endanger the market
The world economy has shown greater resilience than expected, despite multiple shocks, the head of the International Monetary Fund (IMF) said, predicting only a slight slowdown in global growth this year and in 2026.
IMF Managing Director Kristalina Georgieva said the latest economic data shows a softening of the US economy, but it has avoided the recession that many experts had warned about just six months ago.
The world's largest economy and many others have performed well due to more supportive policies, private sector adjustment, less-than-expected import tariffs and supportive financial conditions, Georgieva said during an event in Washington.
"We expect global growth to slow only slightly this year and next. All signs point to a global economy that has generally withstood multiple shocks," she said.
In July, the IMF raised its forecast for global growth by 0.2 percentage points to 3.0% for this year and by 0.1 point to 3.1% for 2026.
"It is also a time of extraordinary uncertainty and downside risks still dominate the outlook. So we need to be vigilant," the IMF chief stressed.
The International Monetary Fund forecasts global growth of around 3% in the medium term, much less than the 3.7% expected before the COVID-19 pandemic.
Georgieva cited the depth of inequalities, discontent and hardship around the world. According to her, the global economy faces many risks, including the possibility of a market "bubble" due to artificial intelligence.
Also, demand for gold, a traditional safe asset, is increasing significantly, she added.
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