Global economic outlook may be less bad.
IMF Solid positive global economic outlook!
IMF chief Kristalina Georgieva told a closing panel at the World Economic Forum in Davos. She said
1) headline inflation was heading down
2) China’s reopening was expected to boost global growth
3) IMF forecasting CN economy will outpace global growth of 2.7% this year.
“Also what has changed in the positive is we have seen demonstrably
4) strength of labor markets translating into consumers spending and
5) keeping the economy up,” she said.
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HopelessChi : but today is the preparation for the upcoming FOMC meeting. heavy sell off.