IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns

The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund (IMF) MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown by rising bond yields and a stalled disinflation process. Georgieva told reporters in a briefing ahead of next week's Group of 20 finance leaders meeting in Asheville, North Carolina, that there was a "tug of war" between the negative Gulf energy supply shock and growth tailwinds from the artificial intelligence investment boom that was starting to spread beyond US borders.

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