Global economy resilient despite shocks – IMF
Synthesised from 2 Ghanaian sources
“Since the war in the Middle East started, we have the negative supply shock, which has pushed up commodity prices, particularly energy, fertiliser and food, and on the other side, we have a positive demand and productivity shock, which is coming from the technology cycle – artificial intelligence (AI-led) investment,” she said.
Ms Kozack explained that while the war shock was weighing on energy importers and vulnerable economies, AI-driven demand was lifting countries integrated into the global technology value chain.
Ms Kozack said the IMF had made available between US$20 billion and US$50 billion in financing to address the impact of the Middle East war, noting that most vulnerable countries already had IMF-supported programmes.
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