International Monetary Fund: IMF - Global economy defies energy shock
The global economy is proving to be more resilient than expected, according to the IMF chief. However, she is concerned about the budget situation in some countries - she did not present new forecasts.
The International Monetary Fund (IMF) has assessed that the global economy has coped better than expected with the energy shock caused by the Iran war. However, IMF chief Kristalina Georgieva expressed concerns about the deteriorating fiscal situation in some countries. The closure of the Strait of Hormuz had less severe impacts due to released oil and gas reserves, lower demand, and increased renewable energy.
Georgieva warned that the energy shock is not over, with oil prices currently between $80 and $90 per barrel, and urged countries to present credible plans to consolidate their finances.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
