IMF says global economy has held up better than expected
The Fund warns that this resilience cannot be assumed to continue, despite wars and high oil prices hitting markets.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
The IMF said the global economy has absorbed the latest in a series of shocks better than expected. Reports also point to unexpected strength in the UK economy, with recent forecasts and GDP data showing resilience. Sky-high oil prices and geopolitical turmoil have had less impact than feared across countries at all income levels.
Why it matters
The IMF says the resilience cannot be taken for granted. Commentary notes it may not last.
Timeline
- Oct 17, 1:26 PM ET: The IMF said the global economy has weathered the latest shock better than expected, but that its resilience cannot be taken for granted.
- Oct 17, 6:00 AM ET: Analysis reported that countries are defying expectations at all income levels, though the strength may not last.
Coverage
- IMF: Global Economy Has Weathered Latest Shock Better Than Expected, but Resilience Cannot Be Taken for Granted (Riyadh-Maaal)
- ‘Countries are defying gravity at all income levels’: how long can global economy resist chaos? (The Guardian)
- What is behind the surprising resilience of the UK economy? (Financial Times)
More from Business
- Musk pledges SpaceX stock for every American child next year
- Small businesses sue to halt Trump's tariffs on Canadian imports
- Houthi attacks force Saudi Arabia to postpone investor conference
- Bank of America keeps October rate hike call despite markets
- Connecticut man admits losing $1.16M of investor crypto funds
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread