It is a great pleasure to be here in AlUla and share thoughts at this important conference. You have given me the task of setting the scene in terms of the current context of the world economy. In other words, you have unfurled a large canvas, and given me 15 minutes to cover it with paint. Here goes! I will start by drawing out the key points from the latest update of the IMF World Economic Outlook. The good news is that the world economy has been remarkably resilient in the face of much higher policy uncertainty. Although this uncertainty, including the impact of tariffs, has weighed on the level of activity, and ... (full story)