IMF Warns Rising Debt and Rates Threaten Global Growth
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IMF Managing Director Kristalina Georgieva announced a 3.1% global growth projection for the year, attributing momentum to AI infrastructure investment, with outsized benefits for Asia. She warned of a 'slow-motion tsunami' from AI disrupting labor markets, taxation, and education. The report notes that 32 economies now account for 95% of global output, underscoring concentration risks.
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