After a year of consistent recession predictions from economists, billionaire investors, and CEOs, the head of the International Monetary Fund (IMF) says forecasters may have been too pessimistic, and she’s not surprised the stock market is having a strong start to the year.
“The markets have good reason to be more upbeat because what they are finally seeing is the U.S. economy is likely to avoid recession,” Kristalina Georgieva, managing director of the IMF, said at the World Government Summit in Dubai Monday, per Reuters.
