The world economy is faring better than we feared, yet worse than we need, IMF Managing Director Kristalina Georgieva said at G20 meetings in Johannesburg. She noted that the economy has proven its resilience in the face of multiple shocks, trade tensions, and rising uncertainty. This flexibility is based on two factors: a vibrant private sector and policies that have strengthened over the years, including through coordination in the G20 forum.
However, she added: "But it is still worse than we need: growth is persistently low, below pre-COVID-19 levels, and debt is exceptionally high, which is choking many countries, especially the poorest."
