Janet Yellen Optimistic About Global Economy Despite Banking Upheaval and IMF Concerns.

Treasury Secretary Janet Yellen has said that the global economy is in a better place than expected, despite recent banking upheaval and persistent inflation. However, the IMF has projected that global GDP will grow by just 2.8% this year, a 0.1 percentage point decline from its previous forecast in January, before rising to 3% in 2024. The report also warned that a hard landing has become a much larger risk, particularly for advanced economies, and policymakers may face difficult trade-offs to bring sticky inflation down while preserving financial stability.