IMF chief says markets have good reasons to be more upbeat on economy

DUBAI: The head of the International Monetary Fund said on Monday that financial markets have good reason to be more upbeat, pointing to the US economy likely avoiding recession and China’s reopening from pandemic controls.

IMF Managing Director Kristalina Georgieva, speaking at the World Government Summit, described the IMF’s outlook for 2023 as “less bad, not good” given that the fund has forecast a slowdown in economic growth this year and inflation remained a concern.