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Kristalina Georgieva, managing director at IMF, projects global economic growth of 3.0% in 2026 and 3.4% in 2027 in the July World Economic Outlook update.
According to Georgieva, the outlook is influenced by two major factors: the ongoing war in the Middle East and rapid advances in artificial intelligence. She emphasizes the need for policymakers to restore price stability, rebuild financial buffers, and enhance international cooperation.
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Georgieva previously held discussions with Austrian leaders on global uncertainty and highlighted Austria's partnership with the IMF in a meeting earlier this year. She also met Andorra’s Head of Government to discuss economic progress and the benefits of joining the EU single market, as detailed in a separate statement. Both discussions focused on navigating economic challenges and fostering international cooperation.