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Added on the 06/09/2022 12:04:42 - Copyright : Euronews EN
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The World Economic Forum at Davos has ended with a mixture of mild optimism and caution for the global economy.
FRANCE 24 spoke to IMF Managing Director Kristalina Georgieva at the World Economic Forum in Davos. Gloomy economic forecasts have cast a long shadow over this year's event in the Swiss Alps. But Georgieva said that although the IMF projects 2023 to be "a difficult year" and for growth to fall further, "we don't expect a global recession". She cited resilient labour markets and consumer spending, the post-Covid reopening of China and signs of inflation trending downwards.
UK finance minister Jeremy Hunt said Thursday's 0.75% hike by the Bank of England would be "very tough" for families with mortgages and businesses with loans.
Ahead of the UNs climate conference, the Secretary General Antonio Guterres has been speaking about where the world is heading.