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AAP
AAP
Business
Jacob Shteyman

Economy caught between an oil shock and an AI boom

Economy Oil Australia International Monetary Fund Jim Chalmers Middle East United States
The continued high price of fuel will have an impact on economic growth across the globe. (Jay Kogler/AAP PHOTOS)

Artificial intelligence has blunted the impact of the Middle East crisis on the global economy, but if the boom turns out to be a bubble even more pain could be in store, an international financial body has warned.

The global economy is set to grow three per cent in 2026 and 3.4 per cent in 2027, the International Monetary Fund projected in its world economic outlook update on Wednesday, US time.

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