Georgieva highlights risks and AI opportunities
International Monetary Fund Managing Director Kristalina Georgieva warned of three main factors threatening the global economy: rising energy prices, public debt exceeding 100% of GDP, and the surge in artificial intelligence investment. She confirmed that oil prices still hover around $100 per barrel, which puts pressure on inflation and growth, and noted that high energy costs could persist until 2027 due to geopolitical risks. She also warned that increasing public debt raises debt service burdens and strains public finances, especially in countries with high debt levels and emerging economies. She stated that artificial intelligence presents an opportunity to boost global growth by half a percentage point annually if properly harnessed, but it comes with risks related to inequality, increased energy demand, and cybersecurity. She called for policy reforms and international cooperation to prevent the potential fallout of these challenges on growth and economic stability.
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