The world economy is in a period of “fragile resilience” where geopolitical headwinds could undermine its growth potential, according to a group of experts speaking at a conference running alongside the spring meetings of the IMF and World Bank today in Washington, DC. The forthcoming US election, poor productivity in many developed nations and ballooning debt could upset any bright spots.
A panel discussion during an Institute of International Finance conference today in Washington, DC, pointed out that many analysts and economists were surprised by the rapid rise in interest rates and the soft economic landing so far. This has led to what one panellist, Paul Gruenwald, global chief economist at S&P Global Ratings, called “fragile resilience”.
