IMF Assesses Global Economic Risk, Praises South Africa's Resilience

The IMF has praised South Africa's resilience despite a growth downgrade, amid rising global economic risk. The assessment highlights the country's ability to adapt to global shocks. IMF praises Georgia's economy as highly resilient to global shocks, according to the country's president.

At the recent IMF spring meetings, various global economies faced 'multiple shocks' that tested their resilience. In this context, the IMF evaluated the resilience of several countries.

IMF officials praised South Africa's resilience despite downgrading its growth forecast, highlighting the country's ability to adapt to global risks.

In a separate development, the president of the National Bank of Georgia emphasized the country's high resilience to global economic shocks. During IMF meetings, this resilience has been a recurring theme.

Nigeria's economy, on the other hand, faces significant challenges despite gains in the oil price, according to an IMF assessment.