World Economy Not Doing As Badly As Feared, IMF Chief Says

International Monetary Fund Managing Director Kristalina Georgieva, seen in September, said global economy has generally withstood multiple shocks (Credit: AFP)

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday.

The world economy is doing "better than feared, but worse than we need," International Monetary Fund Managing Director Kristalina Georgieva told reporters in Washington.