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Technology Featured Finance Global

AI may boost output but fuel divergence between rich and poor countries, IMF chief says

“If we were to extract that kind of boost of growth that would be very significant for the world,” IMF Managing Director Kristalina Georgieva said during the IMF and World Bank annual meetings in Washington. Booming investment in artificial intelligence, concentrated mostly in the U.S., could contribute between 0.1% and 0.8% to global growth, but […]

Economy Featured Finance News World

Global economy showing signs of moderate slowdown says IMF

Global growth is projected to slow from 3.3 percent in 2024 to 3.2 percent in 2025 and 3.1 percent in 2026. The global economy is showing signs of a moderate slowdown after a first half of robust activity largely attributable to temporary factors — such as front-loading of trade and investment and inventory management strategies, […]

Economy Featured News World

IMF sounds alarm about high global public debt, urges countries to build buffers

The IMF this week edged up its 2025 global growth forecast given a more benign impact from tariffs. Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to […]

Economy Finance News World

IMF chief says global economy doing ‘better than feared,’ risks remain

IMF Managing Director Kristalina Georgieva said the U.S. economy had dodged a recession feared by many experts just six months ago. The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this […]

World Economy Featured Finance News

Global growth concerns to weigh on metal prices

The World Bank’s metals and minerals price index edged up by 3 percent in May, partially recovering from an 8 percent plunge in April that had erased gains from early 2025. Metal prices have recently been shaped by rising global economic uncertainty and intensifying trade tensions. Prices are expected to decline through 2025 and 2026, […]

Economy Business Featured Finance

Shifting gears: how the private sector can be an engine of growth in MENA

The global economy is facing heightened uncertainty, clouding economic forecasts. In our recently launched April 2025 Middle East and North Africa Economic Update , we report that growth in MENA averaged a modest 1.9% in 2024 and is forecast to accelerate moderately to 2.6% in 2025. But growth forecasts for countries across the region are shadowed in […]