Blog Kristalina Georgieva | An overall resilient world economy masks significant differences among countries and regions. Energy importers and countries with limited policy space are most vulnerable. More than three months into the war in the Middle East, the global economy appears to be holding up. Commodity prices, inflation and expectations for it, and financial conditions have all been impacted—but not yet in ways that signal a global slowdown. And we have seen strong economic momentum in the world’s biggest...

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The Council today adopted conclusions on Global Gateway, reaffirming it as the European Union’s worldwide investment strategy for building mutually beneficial partnerships and mobilising public and private resources to bridge the global investment gap. In a geopolitical environment marked by growing fragmentation, economic competition and pressure on democratic governance, the Council reiterates its commitment to advance Global Gateway as a core element of the EU’s external action. The strategy represents the EU’s positive and comprehensive offer to partner countries, combining development cooperation, trade and...

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Keynote remarks by Kristalina Georgieva, IMF Managing Director, at the “One Europe, One Market Summit”, organized by the Jacques Delors Friends of Europe Foundation, Brussels The world economy—and Europe with it—is hit once more by a shock: this time, the events unfolding in the Middle East. Before Hormuz closed, Europe’s growth outlook was improving and we at the IMF were getting ready to upgrade our forecasts. Now, we see growth down and inflation up. But still, some credit where credit is due: it...

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