IMF chief says global economic outlook ‘less bad’ than feared

Kristalina Georgieva, the International Monetary Fund’s managing director, at the World Economic Forum annual meeting in Davos. Photograph: Fabrice Coffrini/AFP/Getty Images

Prospects for the global economy have brightened amid signs that inflation is retreating from its four-decade high, the head of the International Monetary Fund has said.

Speaking at the closing session of the World Economic Forum in Davos, Kristalina Georgieva said growth prospects had picked up in recent months but warned against overoptimism.