Global Economy | IMF Warning Call

In its global economic outlook report, the International Monetary Fund (IMF) warns that national oil stockpiles are low and budgets under significant pressure. In addition to energy market turbulence, the IMF highlighted the persistent risk to the global economy of a stock market crash triggered by artificial intelligence (AI). ⏱️ 6 min read Recent facts and developments This report is more of a warning call that key global economic actors should take seriously than a storm warning. However, if the geopolitical context remains tense and if AI sector valuations remain excessive and the sector continues to borrow heavily, a global economic and financial crisis cannot be ruled out. (Photo: ExxonMobil refinery near Joliet, Illinois, United States). Imed Bahri In The Guardian, Heather Stewart, who attended the IMF annual meeting in Bangkok, reports that the monetary institution warned that the global economy 'could soon test the limits of its resilience' as emergency oil stockpiles dwindle and public budgets face intense pressure. In its semi-annual World Economic Outlook report, the IMF indicated that global growth has better withstood than expected the Middle East conflict over the past six months. 'could soon test the limits of its resilience' 'prolonged stalemate or a new escalation in the Middle East' The diversion of oil supplies to avoid the Strait of Hormuz as well as the release of strategic energy reserves had contributed to limiting the impact of the conflict between the United States and Iran on oil prices. A high level of debt and deficits However, the monetary institution has warned against the current depletion of emergency stockpiles. Additionally, the high level of debt