IMF Chief Warns World Is Unprepared for Next Global Economic Crisis

IMF Managing Director Kristalina Georgieva warned on June 8, 2026 that the world is dangerously unprepared for the next economic crisis, with nations facing a shock‑prone environment and depleted fiscal buffers. High debt levels mean wealthy countries cannot deploy massive rescue packages as before, while poorer nations remain most vulnerable. The IMF has 50 rescue programs active, and global growth forecasts were cut to 3.1% for 2026, with risks of falling to 2% amid Middle East conflict.