Mumbai, Dec. 9 -- The world economy has shown resilience despite US trade wars with its major trading partners, thanks in part to strong investment in artificial intelligence, according to an International Monetary Fund (IMF) official. The global economy remained resilient after the rising tariffs partly as the inflationary impact of higher tariffs has been relatively muted, against all odds, said Jihad Azour, director of IMF's Middle East and Central Asia Department, at Abu Dhabi Finance Week in the United Arab Emirates (UAE) on Monday. He noted that the flexibility in trade and trade rules has adjusted very quickly to the trade shock.
Published by HT Digital Content Services with permission from Capital Market....