IMF chief says global economy doing 'better than feared,' risks remain

The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this year and in 2026. IMF Managing Director Kristalina Georgieva said the US economy had dodged a recession feared by many experts just six months ago. The US economy and many others had held up, given better policies, a more adaptable private sector, less severe import tariffs than feared - at least for now - and supportive financial conditions, according to a text of her remarks to an event at the Milken Institute in Washington. "We see global growth slowing only slightly this year and next. All...