IMF and World Bank to warn central bankers of a gathering storm

The IMF’s managing director, Kristalina Georgieva, warned that “Winter is coming” as global economic resilience faces limits. Speaking ahead of the annual IMF and World Bank meetings in Bangkok, she urged leaders to rein in public spending and manage borrowing costs as bond yields rise. The briefing highlights key events for central bankers and economists, including the AI Summit starting in Dublin on Wednesday, featuring Microsoft’s Brad Smith, Qualcomm’s Cristiano Amon, Google DeepMind chair Demis Hassabis and Analog Devices CEO Vincent Roche. Wall Street earnings season returns, and economic releases will focus heavily on inflation, including the Fed’s beige book and monthly GDP estimates in the UK, with the Office for National Statistics publishing on Friday.