Global economy 'in better place' than predicted: Yellen
United States' Secretary of Treasury, Janet Yellen addresses the media during a news conference on the second day of the second meeting of the G20 Finance and Central Bank Deputies under India’s G20 Presidency in Bengaluru on February 23, 2023. Photo: AFP
The global economy is "in a better place" than predicted a few months ago in the wake of the Covid pandemic and Russia's invasion of Ukraine, US Treasury Secretary Janet Yellen said Thursday.
The "global economy is in a better place than many predicted a few months ago" she said ahead of a G20 finance ministers meeting in India. "In the fall many were worried about a sharp economic slowdown across the world. The challenges we face are real and the future is always uncertain but the outlook has improved."
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