Declining oil reserves and rising debt threaten global economy: IMF
The IMF said that the global economy could soon test the limits of its resilience unless nations work to boost production capacity and rebuild the reserves needed to weather crises; it pointed out that dwindling energy stocks leave markets increasingly vulnerable to the fallout from geopolitical shocks and supply disruptions.
In its World Economic Outlook report released on Tuesday, the IMF noted that the global economy has weathered the fallout from the Middle East conflict over the past six months better than anticipated.
Risks in the Middle East The IMF emphasized that risks to the global economy are skewed to the downside, noting that a continued stalemate or an escalation of conflict in the Middle East could drive up energy and food prices.
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