FRANCE 24 spoke to IMF Managing Director Kristalina Georgieva at the World Economic Forum in Davos. Gloomy economic forecasts have cast a long shadow over this year's event in the Swiss Alps. But Georgieva said that although the IMF projects 2023 to be "a difficult year" and for growth to fall further, "we don't expect a global recession". She cited resilient labour markets and consumer spending, the post-Covid reopening of China and signs of inflation trending downwards.
The theme of this year's World Economic Forum is "cooperation in a fragmented world". Asked how the world got to its current fragmented state, Georgieva noted that "we were too complacent around globalisation and not admitting honestly that there were winners but there were also losers. Not enough was done for those who were losers, so public support for a global integrated economy weakened".
