"Crises will be normal in the global economy" - IMF chief Kristalina Georgieva warns
The head of the International Monetary Fund (IMF), Kristalina Georgieva, warned that war in Iran is not the worst that could happen to humanity. At the same time, she called on the world to understand that things will be difficult from now on.
“I worry that we still don’t fully understand what the world will look like,” the IMF chief said. She added that even when the war with Iran ends, “we won’t get to a point where the crises have disappeared.”
According to Georgieva, the successive crises of recent years - from the Covid-19 pandemic and the war in Ukraine to trade conflicts, geopolitical tensions in the Middle East and turbulence in energy markets - do not constitute a temporary parenthesis, but the "new normal" of the global economy.
"We will not achieve a world without shocks," Georgieva said, warning that states and institutions are still treating crises as isolated events rather than as a permanent state of increasing risk.
The IMF chief was particularly concerned about the combination of geopolitical uncertainty, inflationary pressures and technological disruptions caused by artificial intelligence. She noted that the global community has failed to manage the consequences of globalization in a balanced way, resulting in many societies feeling left behind due to job losses and deindustrialization.
According to her, there is now a risk that the same phenomenon will be repeated with the spread of artificial intelligence, if governments do not immediately proceed with policies to adapt the labor market and protect the most vulnerable social groups. "I do not want to see the same mistake repeated with artificial intelligence," she stressed.
The IMF will update its global economic forecasts in July after cutting growth estimates for the year in April due to the war in the Middle East. The organization also conducts annual economic assessments of its member states, among other reports, as part of its oversight role.
Her comments come at a time of growing concern about the global economy, with international organizations and economists warning that conflicts in the Middle East, tensions in supply chains and high energy prices could significantly slow growth in 2026, while inflation remains resilient in many major economies.
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