Saudi investments curb impact of energy shock: Al-Jadaan

Mohammed Al-Jadaan, Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), said that the global economy is demonstrating remarkable resilience and continues to grow despite challenge. Most GCC countries have implemented structural reforms that helped them respond to shocks.
Saudi investments have limited the impact of the energy shock, he remarked at the IMFC's 54th meeting in Bangkok 
Some countries in the region were on a strong economic footing when the conflict began, he added.
On inflation, Al-Jadaan said that the independence of central banks is critical for price stability.

High public debt and rising sovereign bond yields are amplifying the financial vulnerabilities and tightening financial conditions.
Elsewhere, the IMF emphasized that artificial intelligence (AI) technologies have contributed to stable growth.