Members of the global financial elite flying into Dulles Airport for IMF meetings this week touched down in a state that has seen one of America’s biggest construction frenzies.
North Virginia’s “data centre alley” is symbolic of an AI-fuelled tech investment and stock market boom that has helped the US defy grim predictions early this year of a sharp slowdown sparked by Donald Trump’s trade war.
In the spring, the IMF was among the institutions grimly warning of recession risks facing the US economy. Now Kristalina Georgieva, the fund’s managing director, is striking a different tone.
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