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AI boom eased Hormuz energy shock, but developing countries lag: IMF chief

IMF chief Kristalina Georgieva stated that the global economy managed the Strait of Hormuz energy shock better than anticipated, due to increased AI investment, reduced oil and gas reserves, and higher supplies from outside the Gulf. She also noted that AI, initially a US phenomenon, is now a global growth engine.

New Indian Express 26/8/2026, 12:17:55 pm IST AI summary

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