IMF: Global system unready for shocks
The International Monetary Fund warned that the global economy is not sufficiently prepared to handle the recurring shocks that have become part of the reality, urging the building of more resilient and robust economic foundations. The IMF's Managing Director, Kristalina Georgieva, emphasized that the world is currently treating shocks as exceptional events, even though they have become a permanent feature of the economic system, with the increasing impacts of artificial intelligence, social and economic disparities caused by globalization. A update to the global economic growth forecasts is scheduled soon, amid ongoing challenges stemming from geopolitical crises.
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