Economy

Global economy set for boost in 2024, IMF tells Davos

While the world economy is proving ‘resilient’, IMF chief Kristalina Georgieva cautions that market expectations for rapid interest-rate cuts are ‘a bit premature’

Kristalina Georgieva, managing director of the International Monetary Fund. ‘There is some wind coming from 2023 into 2024.’ Picture: Getty

The global economy is set to receive a boost in 2024 from a slightly stronger-than-anticipated performance last year, according to the head of the International Monetary Fund (IMF).

While managing director Kristalina Georgieva refused to be drawn on how the Washington-based lender will revise its forecasts later in January, she pointed out that the US was “poised for a soft landing” as interest rates start to decline.

“The world economy has proven to be remarkably ...