Mumbai, Sept. 26 -- International Monetary Fund or IMF stated in its latest Annual Report that technological shifts and the artificial intelligence revolution are generating significant adjustment even as they promise new opportunities. Natural disasters and more frequent extreme weather continue to impose severe macroeconomic costs on many countries. The trade tensions and associated tariffs are exacerbating the low-growth/high-debt outlook. The IMF lowered its near-term growth forecasts in April to 2.8 percent this year and 3 percent for 2026, and five-year growth forecasts remain at their lowest in decades.
Global inflation is falling but at a slower and less synchronous pace than previously. This is leading to more policy divergence be...