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The head of the IMF has said the “remarkable resilience” of the global economy this year has cut the chances of a painful recession in the coming quarters, even as she warned of weak growth over the next five years.
Speaking in Cote d’Ivoire ahead of the annual World Bank and IMF meetings in Marrakech, Kristalina Georgieva highlighted “strong momentum” in the US economy, also singling out India as a bright spot.
The odds of a “soft landing” for the global economy had risen as a result, she said.
However, the managing director warned that the economic outlook remains highly fragmented, noting that the US is the only major economy where output has returned to its pre-pandemic path.
Policymakers could not afford to let their guard down, she…
