IMF raises sub-Saharan Africa growth outlook
The IMF said the new projection, marginally higher than July’s 4.3%, “masks substantial divergence” within the region.
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The IMF said the new projection, marginally higher than July’s 4.3%, “masks substantial divergence” within the region.
The International Monetary Fund has produced a report examining how financing for the global AI buildout could result in contagion should the industry fail to produce its promised profits.
BANGKOK -- The International Monetary Fund's Managing Director Kristalina Georgieva pushed major advanced economies on Wednesday to "make urgent repai
The IMF warned that “zombie companies” — whose earnings haven’t covered interest payments for at least three years — now comprise more than a fifth of Asia’s outstanding corporate debt, potentially posing a systemic risk.
‘I don't think any young person wants to be a barista in a coffee shop as their professional future,’ IMF Managing Director Kristalina Georgieva says.
The International Monetary Fund on Tuesday slightly upgraded its outlook for the world economy for this year, while warning of growing risks from rising debt, including the financial frenzy around artificial intelligence.The IMF says it expects the global economy to grow at a 3.1% pace this year.
The Middle East and North Africa is now expected to be the only region to shrink this year. In April, the IMF forecast Saudi Arabia and the UAE would grow.
Financial watchdog fears AI spending bust could rattle markets, with mounting debt and cyberattacks adding to the headache
The marginal upgrade in the IMF’s outlook nevertheless represents a slowing in the pace of overall expansion.
IMF chief Kristalina Georgieva says AI may support global growth while eliminating jobs that help young workers start careers.
The upgrade masks an increasingly uneven expansion. Spending on chips, data centers and power is supporting demand before broad productivity gains arrive.
The fund questions the spending assumptions behind the AI boom and warns that borrowing and concentrated investments could amplify an earnings disappointment.
The International Monetary Fund said global growth should pick up next year with a boost from AI investment, but warned the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build. (Source: Bloomberg)
Kristalina Georgieva says shifting income away from labor could strain public finances, even as the IMF sees a substantial growth dividend for advanced Asian economies.
The head of the International Monetary Fund has warned of the disruptive threat from artificial intelligence to the labor market and taxation, urging policymakers to rethink education and act now to help society adapt.
BANGKOK -- Finance officials and central bankers from around the world will gather in Bangkok this week for the International Monetary Fund's annual m
WASHINGTON -- U.S. Treasury Secretary Scott Bessent will skip this month's annual meetings of the International Monetary Fund and the World Bank in Ba
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