The International Monetary Fund (IMF) predicts a global economic slowdown to 3.1% this year, acknowledging persistent geopolitical disruptions. Despite this, the global economy demonstrates some resilience. However, the IMF cautions that sustained high inflation and inflated valuations in the artificial intelligence sector pose potential risks to financial stability worldwide. Separately, Russia reports exporting $320 billion in oil and gas to European countries since the commencement of the full-scale invasion of Ukraine in 2022, indicating continued energy trade despite international sanctions. The Dangote refinery has also extended its initial public offering (IPO) deadline by two weeks in an effort to attract a greater number of individual investors. These developments highlight a complex interplay of economic pressures and continued trade relationships. The IMF’s outlook suggests a fragile global economic landscape requiring careful monitoring.

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