Dark clouds of uncertainty still hover over global economy: IMF MD

The dark clouds of uncertainty are still holding over the global economy, but the relief is that it has done better than feared, highlighted Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).

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Amid ongoing uncertainty surrounding the global economy, the IMF Chief expressed a sense of relief that the world economy has performed better than expected.

Speaking at a press briefing during the IMF Annual Meetings, Georgieva said that although the global economy is showing resilience, challenges and anxieties continue to weigh on the outlook.

"It's a sense of relief that the world economy is holding. It has done better than we feared then, in April, but there is also still a sense of anxiety because the performance of the world economy is less than we need it to be and because there is a very dark cloud of uncertainty still holding over our heads," she said.