Little reassurance from IMF-World Bank meetings
The global financial system is adapting too slowly to a world of higher debt, lower growth, trade fragmentation and climate urgency
THE 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank, which recently concluded in Washington, DC, took place against a backdrop of economic turbulence, geopolitical fragmentation and mounting pressure on the global financial system.
What emerged from these gatherings is not reassurance, but rather a clear message: The world faces precarious economic headwinds with limited consensus on how to navigate them.
A weakening global economy
The mood at these meetings was notably sombre. The IMF’s revised economic forecasts tell a concerning story. Global growth has been downgraded significantly, while the US – the engine of recent global economic resilience – now faces a bleaker outlook.
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