Of its choosing. Oil prices are particularly volatile, given the regions role in producing a commodity so vital to the functioning of the Global Economy. Well, oil prices have actually been falling and thats because many traders think the risk of escalation is already factored in to the price. The American Bank citigroup though is warning that if there is more direct conflict between the two, oil prices could soar above 100 a barrel. And its likely that all of this will dominate the agenda for central bankers and Finance Ministers who are gathering this week in washington dc for the annual International Montary fund and world bank meetings. Ahead of that, the head of the imf Kristalina Georgieva has been warning the Global Economy faces a sluggish and disappointing decade amid all the uncertainty. Any impact, as small as it might be, is not desirable in an economy with high uncertainty. And inflation still not being brought down to target, very simple, oil prices go up, inflation goes
WASHINGTON (AFP) – Artificial intelligence (AI) poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the International Montary Fund (IMF) chief told AFP. AI will affect 60 per cent of jobs in advanced economies, the IMF Managing Director Kristalina Georgieva, said […]
for thousands of holidays cancelled or disrupted as the heatwaves continue across europes. we ll look travellers rights, and the impact on the industry. the international montary fund raises its prospects for global growth this year, but warns the world economy isn t out of the woods yet. welcome to world business report, i m ben thompson. we start in greece where wildfires have swept across the island of rhodes. airlines and holiday companies are scrambling to bring back those affected, while some flights to the island have been cancelled. up to 10,000 british tourists are there, with many more booked to travel in the coming weeks. and with more record temperatures forecast, there are renewed travel alerts and extreme weather warnings. but the uk government has so far not issued guidance against all travel to the region, meaning insurance companies