Economic Buzz: International Monetary and Financial Committee says continued global resilience should not be taken for granted

International Monetary and Financial Committee (IMFC) has stated in a latest update that the global economy has weathered the latest in a series of shocks better than expected, but continued resilience should not be taken for granted. Wars and conflicts continue to impose a heavy humanitarian toll, with large economic costs and significant negative spillovers, impacting the poorest and most vulnerable the hardest. Disruptions to supply chains are adding to uncertainty and price pressures. Major structural transformations are underway. In this more complex environment, which brings opportunities but also risks, our priority remains to promote macroeconomic and financial stability while enabling broad-based, private sector-led growth, and strengthening resilience through credible policies and international cooperation. Ending wars and conflicts and securing lasting peace around the world remains essential for sustainable growth and long-term stability.

Powered by Commodity Insights