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Tag: oil shock

Global economy in tug-of-war between oil shock and AI boom: IMF chief

Posted on August 26, 2026 By admin
Global economy in tug-of-war between oil shock and AI boom: IMF chief

President of the International Monetary Fund Kristalina Georgieva waves after a meeting with Uruguay’s President Yamandu Orsi in Montevideo, Uruguay. File | Photo Credit: AP The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz “better than feared” due to various factors, including an investment boom in artificial…

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