IMF Chief: Remains "highly vigilant" about the impact of the Middle East wars on the global economy.
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According to ME AI , IMF Managing Director Kristalina Georgieva stated that the global economy has stabilized three months after the Middle East wars, showing no signs of slowing down. She remains "highly vigilant" about the impact of the wars on the global economy and warned that even with the agreement announced by the US and Iran to reopen the Strait of Hormuz, energy supply recovery will still take time. The impact of energy shortages on the global economy in recent months has been somewhat buffered by technological advancements, particularly investments in artificial intelligence and data centers. "The US is benefiting from this global technology cycle, as are some Asian economies with rapidly growing technology exports. However, most countries have not yet truly felt the boost that technological progress has given to productivity and economic growth, raising concerns about further divergence in the global economy." (Source: ME)
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