Global Economy: ‘Showing Resilience’ Despite Geopolitical Tensions and Risks

Despite risks in the Middle East, IMF head remains confident

In Dubai at the World Governments Summit, the International Monetary Fund (IMF) head expressed her optimism about the global economy despite the risks posed by geopolitical tensions and wars. Kristalina Georgieva stated that the global economy has shown surprising resilience, but acknowledged that there are still uncertainties and challenges, particularly for economies recovering from previous shocks. The recent downward revision of the IMF’s growth forecast for the Middle East and North Africa region to 2.9 percent reflects the high degree of uncertainty and risks in the region. These risks include trade disruptions caused by violence in the Red Sea and potential expansion of conflict in Gaza Strip which could have serious economic consequences, such as impacting tourism.

Leave a Reply