IMF: Financial markets have good reasons to be more upbeat on global economy

Managing director of the IMF, Kristalina Georgieva.

The head of the IMF has said 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 IMF has forecast a slowdown in economic growth this year and inflation remained a concern.