Biden once again saving the world from the Republican's disastrous trickle down economics, Trump Recession and Trumpflation.
https://www.averyjournal.com/news/national/robust-us-has-helped-improve-global-economic-outlook-imf-chief-says/article_df341cf4-175d-599d-9951-79ea4bb8d9a2.htmlStrong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday.
"Global growth is marginally stronger on account of robust activity in the United States and in many emerging markets economies," International Monetary Fund managing director Kristalina Georgieva told reporters in prepared remarks.
The U.S. economy grew by a robust 2.5 percent last year, according to the US Commerce Department, far outstripping most other advanced economies.
"Robust household consumption and business investment, and an easing of supply chain problems helped," Georgieva added. "And inflation is going down, somewhat faster than previously expected."
She spoke just a few days before the IMF-World Bank spring meetings of world financial leaders in Washington, one of two such gatherings hosted each year by the international financial institutions.
Her remarks suggest the IMF now expects the world economy to grow faster than it predicted in January, when it forecast global growth to rise by 3.1 percent in 2024, and 3.2 percent in 2025.
"It is tempting to breathe a sigh of relief. We have avoided a global recession and a period of stagflation -- as some had predicted," Georgieva said. "But there are still plenty of things to worry about."
