IMF Warns of Multiple Risks to Global Economy Despite Resilience

The International Monetary Fund (IMF) has identified several risks to the global economy despite its resilience, according to Kristalina Georgieva, managing director of the IMF. Speaking at a special edition of the Qatar Economic Forum in New York City on September 20, 2026, Georgieva highlighted stubborn inflation as one of the main concerns. She noted that inflation is 'stubborn' and not anticipated to be resolved quickly, which means central banks will need to continue tightening.

Georgieva also pointed out that the fight against inflation has increased the cost and difficulty of debt service. While there is a growing understanding of the necessity for fiscal consolidation, more action is needed, she emphasized. Additionally, Georgieva warned about the potential risks from leverage and circular financing in AI investment, stating that this 'something that we have to be mindful of.'

Georgieva expressed concerns that if AI investments do not materialize as expected, disappointment could lead to a shock to the system. The risk is primarily concentrated in the United States, but many other players in Asia and Europe are included in the supply chain of AI. Georgieva's comments come ahead of the IMF's new projection on the world economy, which is set to be released in October.

Georgieva acknowledged that despite these risks, the global economy has proven more resilient than feared, with growth hovering around 3 percent. She also expressed optimism about the remarkable and fast action taken by countries to counter energy supply shocks.